CCL Industries Inc. (TSE:CCL.B) Director Tom Peddie Sells 400 Shares

CCL Industries Inc. (TSE:CCL.B) Director Tom Peddie sold 400 shares of CCL Industries stock in a transaction dated 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 sale, the director now owns 100 shares of the company’s stock, valued at C$6,985. The trade was a 80.00 % decrease in their position.

CCL Industries Stock Performance

Shares of TSE:CCL.B opened at C$69.35 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$11.59 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The firm has a 50 day moving average of C$72.03 and a 200 day moving average of C$76.02. CCL Industries Inc. has a 52 week low of C$66.96 and a 52 week high of C$84.70.

Analyst Ratings Changes

CCL.B has been the subject of several research analyst reports. Scotiabank lifted their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. CIBC decreased their target price on CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price 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.