CCL Industries Inc. (TSE:CCL.B) Director Sells C$800,000.00 in Stock

CCL Industries Inc. (TSE:CCL.B) Director Gunther Johann Birkner sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of C$80.00, for a total transaction of C$800,000.00.

Gunther Johann Birkner also recently made the following trade(s):

• On Thursday, August 15th, Gunther Johann Birkner sold 15,000 shares of CCL Industries stock. The shares were sold at an average price of C$75.00, for a total value of C$1,125,000.00.

CCL Industries Trading Up 0.3 %

TSE CCL.B opened at C$79.61 on Friday. CCL Industries Inc. has a 12-month low of C$52.82 and a 12-month high of C$81.38. The company has a fifty day simple moving average of C$74.40 and a two-hundred day simple moving average of C$71.96. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The stock has a market cap of C$13.30 billion, a P/E ratio of 21.17, a P/E/G ratio of 0.26 and a beta of 0.56.

Wall Street Analysts Forecast Growth

CCL.B has been the subject of a number of analyst reports. National Bankshares raised their price objective on CCL Industries from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. BMO Capital Markets raised their price target on shares of CCL Industries from C$83.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Raymond James boosted their price objective on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Scotiabank increased their target price on shares of CCL Industries from C$80.00 to C$84.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, CIBC lifted their price target on shares of CCL Industries from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$84.78.

About CCL Industries

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.