Insider Buying: 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 company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost 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 shares were acquired 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 opened at C$73.00 on Friday. 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 company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The business’s 50 day moving average is C$77.44 and its two-hundred day moving average is C$76.56. CCL Industries Inc. has a 52-week low of C$55.34 and a 52-week high of C$84.70.

Wall Street Analysts Forecast Growth

CCL.B has been the topic of several recent research reports. CIBC lifted their target price on shares of CCL Industries from C$93.00 to C$96.00 in a report on Monday, November 18th. TD Securities reduced their price objective on CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Stifel Nicolaus raised their target price on CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. Royal Bank of Canada decreased their price target on CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. Finally, BMO Capital Markets lifted their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock 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.