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

CCL Industries Inc. (TSE:CCL.B - Get Free Report) insider CCL Industries Inc. bought 67,024 shares of CCL Industries stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of C$73.98 per share, with a total value of C$4,958,609.78.

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

• On Tuesday, December 3rd, CCL Industries Inc. bought 67,024 shares of CCL Industries stock. 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 Trading Up 0.8 %

CCL.B traded up C$0.58 during midday trading on Thursday, reaching C$72.09. 555,885 shares of the company's stock traded hands, compared to its average volume of 303,501. The stock has a market capitalization of C$12.04 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 0.26 and a beta of 0.57. CCL Industries Inc. has a 52 week low of C$66.96 and a 52 week high of C$84.70. The firm has a fifty day moving average of C$72.40 and a two-hundred day moving average of C$76.49. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

Analyst Ratings Changes

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

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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.