Insider Selling: CCL Industries Inc. (TSE:CCL.B) Director Sells 400 Shares of Stock

CCL Industries Inc. (TSE:CCL.B) Director Tom Peddie sold 400 shares of the business’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$69.85, for a total transaction of C$27,940.00. Following the transaction, the director now owns 100 shares in the company, valued at approximately C$6,985. This represents a 80.00 % decrease in their ownership of the stock.

CCL Industries Trading Down 1.6 %

CCL Industries stock opened at C$69.35 on Monday. CCL Industries Inc. has a 52 week low of C$66.96 and a 52 week high of C$84.70. 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 firm has a market capitalization of C$11.59 billion, a PE ratio of 18.44, a PEG ratio of 0.26 and a beta of 0.57. The business’s 50-day simple moving average is C$72.03 and its 200-day simple moving average is C$76.01.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CCL.B shares. CIBC reduced their price target on CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Scotiabank lifted their target price on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$90.38.

CCL Industries Company Profile

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.