Derek Cumming Sells 3,500 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) Director Derek Cumming sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$78.25, for a total transaction of C$273,889.70.

Derek Cumming also recently made the following trade(s):

• On Monday, September 23rd, Derek Cumming sold 10,000 shares of CCL Industries stock. The shares were sold at an average price of C$81.41, for a total value of C$814,100.00.

CCL Industries Stock Performance

CCL.B opened at C$74.71 on Friday. The company’s 50 day moving average is C$79.79 and its 200 day moving average is C$76.20. 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 company has a market cap of C$12.48 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 0.26 and a beta of 0.57. CCL Industries Inc. has a 12-month low of C$55.34 and a 12-month high of C$84.70.

Wall Street Analysts Forecast Growth

CCL.B has been the subject of several recent analyst reports. BMO Capital Markets boosted their price target on CCL Industries from C$90.00 to C$93.00 in a research note on Friday, November 15th. CIBC boosted their target price on CCL Industries from C$93.00 to C$96.00 in a research report on Monday, November 18th. Royal Bank of Canada dropped their price target on shares of CCL Industries from C$92.00 to C$90.00 in a report on Friday, November 15th. Stifel Nicolaus increased their price objective on shares of CCL Industries from C$85.00 to C$90.00 in a research report on Monday, November 18th. Finally, TD Securities dropped their target price on shares of CCL Industries from C$98.00 to C$94.00 in a report on Friday, November 15th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$88.44.

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.