Derek Cumming Sells 10,000 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) Director Derek Cumming sold 10,000 shares of CCL Industries stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$81.41, for a total value of C$814,100.00.

CCL Industries Price Performance

Shares of TSE CCL.B opened at C$81.72 on Thursday. The firm has a market cap of C$13.65 billion, a P/E ratio of 21.73, a PEG ratio of 0.26 and a beta of 0.56. CCL Industries Inc. has a twelve month low of C$52.82 and a twelve month high of C$82.96. 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 50 day moving average of C$76.72 and a 200 day moving average of C$73.02.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. TD Securities boosted their target price on shares of CCL Industries from C$90.00 to C$92.00 and gave the company a “buy” rating in a report on Monday, August 12th. National Bankshares lifted their price target on shares of CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. CIBC upped their price objective on shares of CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Scotiabank lifted their target price on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Raymond James upped their price target on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$85.44.

About CCL Industries

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.