Scott Mitchell-Harris Sells 2,141 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) Director Scott Mitchell-Harris sold 2,141 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$73.98, for a total transaction of C$158,391.18.

CCL Industries Trading Up 2.0 %

TSE CCL.B opened at C$71.72 on Friday. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The company has a market capitalization of C$11.98 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company’s 50-day simple moving average is C$72.16 and its two-hundred day simple moving average is C$76.41. CCL Industries Inc. has a one year low of C$66.96 and a one year high of C$84.70.

Analyst Ratings Changes

CCL.B has been the topic of several recent analyst reports. Stifel Nicolaus raised their price target on shares of CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. Scotiabank raised their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. Finally, CIBC reduced their price target on shares of CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$90.38.

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.