CCL Industries Inc. (TSE:CCL.B) Insider Acquires C$5,121,826.63 in Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. bought 67,024 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of C$76.42 per share, with a total value of C$5,121,826.63.

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

• On Friday, November 29th, CCL Industries Inc. purchased 67,024 shares of CCL Industries stock. The stock was bought at an average cost of C$77.55 per share, for a total transaction of C$5,197,557.04.

CCL Industries Stock Performance

Shares of CCL.B stock opened at C$73.00 on Friday. CCL Industries Inc. has a 1 year low of C$55.34 and a 1 year 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 cap of C$12.20 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 0.26 and a beta of 0.57. The stock’s 50-day moving average is C$77.44 and its two-hundred day moving average is C$76.56.

Analysts Set New Price Targets

A number of analysts recently weighed in on CCL.B shares. BMO Capital Markets upped their target price on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. CIBC raised their price objective on shares of CCL Industries from C$93.00 to C$96.00 in a report on Monday, November 18th. TD Securities lowered their target price on shares of CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Royal Bank of Canada cut their price target on CCL Industries from C$92.00 to C$90.00 in a research note on Friday, November 15th. Finally, Stifel Nicolaus upped their price objective on CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, CCL Industries has an average rating of “Buy” and an average target price of C$90.13.

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.