CCL Industries Inc. (TSE:CCL.B) Director Tom Peddie Sells 400 Shares

CCL Industries Inc. (TSE:CCL.B - Get Free Report) Director Tom Peddie sold 400 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$69.85, for a total transaction of C$27,940.00. Following the completion of the sale, the director now owns 100 shares in the company, valued at approximately C$6,985. This trade represents a 80.00 % decrease in their ownership of the stock.

CCL Industries Price Performance

Shares of CCL.B stock traded down C$0.55 during mid-day trading on Tuesday, hitting C$69.74. 244,755 shares of the stock traded hands, compared to its average volume of 325,256. The company's 50-day simple moving average is C$72.00 and its 200-day simple moving average is C$75.97. CCL Industries Inc. has a twelve month low of C$66.96 and a twelve month high of C$84.70. The firm has a market cap of C$11.65 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96.

Analyst Ratings Changes

A number of research firms have commented on CCL.B. Scotiabank boosted their price target 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 shares of CCL Industries from C$97.00 to C$96.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CCL Industries presently has an average rating of "Buy" and a consensus target price of C$90.38.

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.