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

CCL Industries Inc. (TSE:CCL.B - Get Free Report) insider CCL Industries Inc. bought 67,024 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost 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 shares were acquired at an average cost of C$76.42 per share, for a total transaction of C$5,121,826.63.
• On Friday, November 29th, CCL Industries Inc. bought 67,024 shares of CCL Industries stock. The shares were acquired at an average cost of C$77.55 per share, for a total transaction of C$5,197,557.04.

CCL Industries Price Performance

Shares of CCL.B traded down C$1.54 during trading hours on Monday, hitting C$71.46. The stock had a trading volume of 321,958 shares, compared to its average volume of 223,941. The stock has a market capitalization of C$11.94 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 0.26 and a beta of 0.57. 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 company's fifty day moving average is C$77.44 and its two-hundred day moving average is C$76.59. CCL Industries Inc. has a 52 week low of C$55.34 and a 52 week high of C$84.70.

Analysts Set New Price Targets

CCL.B has been the subject of several research reports. CIBC lifted their price target on CCL Industries from C$93.00 to C$96.00 in a report on Monday, November 18th. Stifel Nicolaus lifted their target price on shares of CCL Industries from C$85.00 to C$90.00 in a research note on Monday, November 18th. BMO Capital Markets increased their price target on shares of CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. TD Securities reduced their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada cut their target price on CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$90.13.

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.