Insider Selling: CCL Industries Inc. (TSE:CCL.B) Director Sells C$1,899,700.00 in Stock

CCL Industries Inc. (TSE:CCL.B) Director Ben Yaacob Lilienthal sold 24,200 shares of the business’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of C$78.50, for a total transaction of C$1,899,700.00.

CCL Industries Trading Up 0.3%

CCL Industries stock opened at C$79.31 on Friday. CCL Industries Inc. has a 52 week low of C$64.93 and a 52 week high of C$84.70. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The firm has a market capitalization of C$13.25 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 0.26 and a beta of 0.57. The company has a 50 day moving average price of C$76.24 and a 200 day moving average price of C$73.30.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CCL.B shares. BMO Capital Markets increased their price objective on CCL Industries from C$90.00 to C$91.00 in a research report on Friday, May 9th. TD Securities boosted their target price on CCL Industries from C$90.00 to C$95.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Finally, CIBC reduced their target price on CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CCL Industries has an average rating of “Buy” and an average price target of C$89.25.

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.