Stuart W. Lang Sells 25,984 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) insider Stuart W. Lang sold 25,984 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of C$79.80, for a total value of C$2,073,523.20.

CCL Industries Stock Up 0.1%

Shares of TSE:CCL.B opened at C$76.46 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. CCL Industries Inc. has a 52-week low of C$64.93 and a 52-week high of C$84.70. The stock’s fifty day simple moving average is C$70.67 and its 200-day simple moving average is C$73.42. The company has a market capitalization of C$12.77 billion, a P/E ratio of 20.34, a P/E/G ratio of 0.26 and a beta of 0.57.

Analysts Set New Price Targets

Several research firms have weighed in on CCL.B. BMO Capital Markets upped their target price on CCL Industries from C$90.00 to C$91.00 in a report on Friday, May 9th. TD Securities upped their target price on CCL Industries from C$90.00 to C$95.00 and gave the company a “buy” rating in a report on Friday, May 9th. Scotiabank upped their target price on CCL Industries from C$85.00 to C$86.00 in a report on Friday, February 21st. Finally, CIBC lowered their target price on CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CCL Industries currently has a consensus rating of “Buy” and an average price target of C$89.25.

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.