Tom Peddie Sells 400 Shares of CCL Industries Inc. (TSE:CCL.B) Stock

CCL Industries Inc. (TSE:CCL.B) Director Tom Peddie sold 400 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$69.85, for a total transaction of C$27,940.00. Following the completion of the sale, the director now directly owns 100 shares in the company, valued at approximately C$6,985. This represents a 80.00 % decrease in their position.

CCL Industries Stock Performance

Shares of CCL.B opened at C$69.35 on Friday. The company has a market cap of C$11.59 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57. The firm has a 50-day moving average of C$72.03 and a 200-day moving average of C$76.01. CCL Industries Inc. has a one year low of C$66.96 and a one year high of C$84.70. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CCL.B shares. Scotiabank lifted their price target on shares of CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. CIBC lowered their target price on CCL Industries from C$97.00 to C$96.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CCL Industries presently has a consensus rating of “Buy” and an average target price of C$90.38.

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.