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

CCL Industries Inc. (TSE:CCL.B) insider CCL Industries Inc. purchased 67,024 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of C$76.42 per share, with a total value of C$5,121,826.63.

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

• On Friday, November 29th, CCL Industries Inc. purchased 67,024 shares of CCL Industries stock. The shares were acquired at an average cost of C$77.55 per share, with a total value of C$5,197,557.04.

CCL Industries Stock Performance

Shares of CCL Industries stock opened at C$73.62 on Friday. The firm has a market cap of C$12.30 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The firm’s 50-day simple moving average is C$77.63 and its 200-day simple moving average is C$76.55. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. CCL Industries Inc. has a 1 year low of C$55.34 and a 1 year high of C$84.70.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. CIBC boosted their price objective on shares of CCL Industries from C$93.00 to C$96.00 in a report on Monday, November 18th. BMO Capital Markets boosted their price objective on shares of CCL Industries from C$90.00 to C$93.00 in a report on Friday, November 15th. Royal Bank of Canada cut their price objective on shares of CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. Stifel Nicolaus boosted their price objective on shares of CCL Industries from C$85.00 to C$90.00 in a report on Monday, November 18th. Finally, TD Securities cut their price objective on shares of CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$90.13.

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.