CCL Industries Inc. (TSE:CCL.B) Senior Officer Sells C$365,867.79 in Stock

CCL Industries Inc. (TSE:CCL.B - Get Free Report) Senior Officer Kamal Chandrakant Kotecha sold 5,206 shares of the business's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$70.28, for a total value of C$365,867.79.

CCL Industries Stock Down 0.4 %

Shares of TSE:CCL.B traded down C$0.26 during trading on Thursday, hitting C$69.23. 189,348 shares of the company were exchanged, compared to its average volume of 279,504. The firm's 50 day moving average price is C$64.43 and its 200-day moving average price is C$59.69. CCL Industries Inc. has a 12-month low of C$52.82 and a 12-month high of C$74.49. The stock has a market capitalization of C$11.49 billion, a P/E ratio of 23.47, a PEG ratio of 0.26 and a beta of 0.55. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.89 and a quick ratio of 1.31.

Analyst Upgrades and Downgrades

Several brokerages have commented on CCL.B. BMO Capital Markets raised their price objective on shares of CCL Industries from C$76.00 to C$81.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. Royal Bank of Canada increased their price objective on CCL Industries from C$72.00 to C$81.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. CIBC boosted their target price on shares of CCL Industries from C$72.00 to C$82.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Raymond James raised CCL Industries from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from C$74.00 to C$78.00 in a research report on Thursday, March 7th. Finally, Scotiabank raised their price target on CCL Industries from C$72.00 to C$79.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$78.80.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.