CCL Industries Inc. Buys 67,024 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. purchased 67,024 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought 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. acquired 67,024 shares of CCL Industries stock. The shares were bought at an average cost of C$77.55 per share, for a total transaction of C$5,197,557.04.

CCL Industries Stock Down 0.8 %

CCL Industries stock opened at C$73.00 on Friday. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The firm has a 50 day moving average price of C$77.44 and a 200 day moving average price of C$76.56. CCL Industries Inc. has a fifty-two week low of C$55.34 and a fifty-two week high of C$84.70. The company has a market capitalization of C$12.20 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BMO Capital Markets lifted their price target on CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. CIBC lifted their target price on shares of CCL Industries from C$93.00 to C$96.00 in a research note on Monday, November 18th. TD Securities dropped their price target on shares of CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Royal Bank of Canada reduced their price target on shares of CCL Industries from C$92.00 to C$90.00 in a research report on Friday, November 15th. Finally, Stifel Nicolaus increased their price objective on CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, CCL Industries currently has a consensus rating of “Buy” and a consensus price target 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.