Insider Selling: CCL Industries Inc. (TSE:CCL.B) Senior Officer Sells C$18,129.35 in Stock

CCL Industries Inc. (TSE:CCL.B) Senior Officer Suzana Furtado sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of C$72.52, for a total transaction of C$18,129.35.

CCL Industries Stock Up 3.8 %

CCL Industries stock opened at C$74.82 on Monday. CCL Industries Inc. has a 1-year low of C$66.96 and a 1-year high of C$84.70. The firm has a market capitalization of C$12.50 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 0.26 and a beta of 0.57. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The firm has a 50 day simple moving average of C$72.36 and a 200 day simple moving average of C$76.55.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CCL.B shares. BMO Capital Markets raised their price target on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. CIBC decreased their price target on shares of CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Stifel Nicolaus raised their price target on shares of CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. TD Securities decreased their price target on shares of CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Finally, Scotiabank raised their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$90.38.

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.