CCL Industries Inc. (TSE:CCL.B) Insider Stuart W. Lang Sells 38,016 Shares

CCL Industries Inc. (TSE:CCL.B) insider Stuart W. Lang sold 38,016 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of C$75.69, for a total transaction of C$2,877,431.04.

Stuart W. Lang also recently made the following trade(s):

• On Monday, May 12th, Stuart W. Lang sold 25,984 shares of CCL Industries stock. The shares were sold at an average price of C$79.80, for a total transaction of C$2,073,523.20.

CCL Industries Price Performance

Shares of TSE:CCL.B opened at C$78.22 on Friday. 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 fifty day moving average price of C$70.89 and a 200 day moving average price of C$73.41. CCL Industries Inc. has a fifty-two week low of C$64.93 and a fifty-two week high of C$84.70. The firm has a market cap of C$13.07 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 0.26 and a beta of 0.57.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BMO Capital Markets upped their target price on shares of CCL Industries from C$90.00 to C$91.00 in a report on Friday, May 9th. TD Securities upped their price target on shares of 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. CIBC reduced their price objective on shares of CCL Industries from C$96.00 to C$88.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, Scotiabank increased their price objective on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. Six research 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 target price 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.