Insider Selling: CCL Industries Inc. (TSE:CCL.B) Director Sells 400 Shares of Stock

CCL Industries Inc. (TSE:CCL.B) Director Tom Peddie sold 400 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 100 shares of the company’s stock, valued at approximately C$6,985. This represents a 80.00 % decrease in their position.

CCL Industries Trading Down 1.6 %

CCL Industries stock traded down C$1.14 during trading hours on Friday, reaching C$69.31. The company had a trading volume of 111,012 shares, compared to its average volume of 320,458. The company has a 50-day moving average price of C$72.07 and a 200 day moving average price of C$76.07. CCL Industries Inc. has a 12-month low of C$66.96 and a 12-month high of C$84.70. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The firm has a market cap of C$11.58 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 0.26 and a beta of 0.57.

Wall Street Analyst Weigh In

CCL.B has been the topic of several research analyst reports. CIBC decreased their price target on shares of CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Scotiabank boosted their target price on CCL Industries from C$85.00 to C$86.00 in a research report on Friday, February 21st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$90.38.

CCL Industries Company Profile

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.