CCL Industries Inc. (TSE:CCL.B) Director Tom Peddie Sells 4,000 Shares

CCL Industries Inc. (TSE:CCL.B) Director Tom Peddie sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$73.75, for a total transaction of C$295,000.00. Following the completion of the sale, the director now directly owns 500 shares in the company, valued at C$36,875.

CCL Industries Stock Up 0.0 %

Shares of CCL Industries stock traded up C$0.01 on Wednesday, reaching C$74.65. The company’s stock had a trading volume of 8,292 shares, compared to its average volume of 258,155. The company has a market capitalization of C$12.51 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 0.26 and a beta of 0.53. The company has a quick ratio of 1.31, a current ratio of 1.95 and a debt-to-equity ratio of 48.74. CCL Industries Inc. has a 52 week low of C$52.82 and a 52 week high of C$75.53. The firm’s fifty day simple moving average is C$72.37 and its two-hundred day simple moving average is C$69.55.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CCL.B shares. TD Securities upped their price objective on shares of CCL Industries from C$90.00 to C$92.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada upped their price target on CCL Industries from C$81.00 to C$83.00 in a research note on Friday, May 10th. Raymond James lifted their price objective on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research note on Monday. Scotiabank increased their target price on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on CCL Industries from C$79.00 to C$83.00 in a research report on Friday, May 10th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, CCL Industries currently has an average rating of “Buy” and an average target price of C$84.44.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.