Insider Buying: CCL Industries Inc. (TSE:CCL.B) Insider Purchases 13,300 Shares of Stock

CCL Industries Inc. (TSE:CCL.B - Get Free Report) insider CCL Industries Inc. bought 13,300 shares of the stock in a transaction on Friday, May 30th. The stock was bought at an average price of C$79.97 per share, for a total transaction of C$1,063,555.78.

CCL Industries Inc. also recently made the following trade(s):

• On Monday, March 17th, CCL Industries Inc. purchased 67,024 shares of CCL Industries stock. The stock was bought at an average cost of C$71.66 per share, with a total value of C$4,803,114.10.
• On Tuesday, March 25th, CCL Industries Inc. acquired 35,354 shares of CCL Industries stock. The shares were bought at an average price of C$71.61 per share, for a total transaction of C$2,531,784.79.

CCL Industries Stock Performance

Shares of TSE:CCL.B traded down C$0.41 during midday trading on Friday, reaching C$78.02. The company had a trading volume of 720,341 shares, compared to its average volume of 326,492. CCL Industries Inc. has a 52-week low of C$64.93 and a 52-week high of C$84.70. The company's 50 day moving average price is C$73.04 and its 200 day moving average price is C$73.17. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The stock has a market cap of C$13.03 billion, a P/E ratio of 20.75, a P/E/G ratio of 0.26 and a beta of 0.57.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CCL.B. TD Securities upped their target price on CCL Industries from C$90.00 to C$95.00 and gave the company a "buy" rating in a report on Friday, May 9th. BMO Capital Markets lifted their price target on CCL Industries from C$90.00 to C$91.00 in a report on Friday, May 9th. Scotiabank lifted their price objective on CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. Finally, CIBC cut their price objective on shares of CCL Industries from C$96.00 to C$88.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$89.25.

About CCL Industries

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products.

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