CCL Industries Inc. (TSE:CCL.B) Insider Buys C$5,252,845.14 in Stock

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. bought 67,024 shares of the stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of C$78.37 per share, for a total transaction of C$5,252,845.14.

CCL Industries Inc. also recently made the following trade(s):

• On Wednesday, November 27th, CCL Industries Inc. purchased 67,024 shares of CCL Industries stock. The stock was acquired at an average price of C$76.42 per share, for a total transaction of C$5,121,826.63.
• On Friday, November 29th, CCL Industries Inc. purchased 67,024 shares of CCL Industries stock. The stock was acquired at an average price of C$77.55 per share, for a total transaction of C$5,197,557.04.

CCL Industries Price Performance

Shares of TSE CCL.B traded down C$0.56 during trading on Monday, reaching C$72.44. The company had a trading volume of 31,850 shares, compared to its average volume of 126,968. CCL Industries Inc. has a twelve month low of C$55.34 and a twelve month high of C$84.70. The stock has a market capitalization of C$12.10 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The stock has a 50-day moving average price of C$77.44 and a two-hundred day moving average price of C$76.59. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

Analyst Ratings Changes

A number of research firms recently weighed in on CCL.B. Stifel Nicolaus lifted their price target on CCL Industries from C$85.00 to C$90.00 in a research note 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 research note on Friday, November 15th. CIBC lifted their price target on CCL Industries from C$93.00 to C$96.00 in a research note on Monday, November 18th. BMO Capital Markets lifted their price objective on CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. Finally, TD Securities reduced their price objective on CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company presently 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.