CCL Industries Inc. (TSE:CCL.B) Director Derek Cumming Sells 3,200 Shares

CCL Industries Inc. (TSE:CCL.B) Director Derek Cumming sold 3,200 shares of CCL Industries stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$70.80, for a total value of C$226,560.00.

Derek Cumming also recently made the following trade(s):

• On Wednesday, February 28th, Derek Cumming sold 700 shares of CCL Industries stock. The shares were sold at an average price of C$69.51, for a total value of C$48,653.50.

CCL Industries Stock Performance

TSE CCL.B opened at C$69.49 on Thursday. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.89 and a quick ratio of 1.31. CCL Industries Inc. has a 1-year low of C$52.82 and a 1-year high of C$74.49. The company has a market cap of C$11.53 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 0.26 and a beta of 0.55. The stock’s 50 day simple moving average is C$64.18 and its 200-day simple moving average is C$59.62.

Wall Street Analyst Weigh In

CCL.B has been the topic of a number of recent research reports. Pi Financial raised their price objective on CCL Industries from C$74.00 to C$75.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Stifel Nicolaus raised shares of CCL Industries from a “hold” rating to a “buy” rating and raised their price target for the stock from C$65.00 to C$79.00 in a report on Monday, February 26th. Raymond James upgraded shares of CCL Industries from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$74.00 to C$78.00 in a report on Thursday, March 7th. Royal Bank of Canada boosted their target price on shares of CCL Industries from C$72.00 to C$81.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, National Bankshares upped their price objective on shares of CCL Industries from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$78.80.

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.