CCL Industries Inc. (TSE:CCL.B – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$66.47 and traded as high as C$72.34. CCL Industries shares last traded at C$70.67, with a volume of 262,392 shares.
Analysts Set New Price Targets
CCL.B has been the topic of several research analyst reports. TD Securities boosted their target price on shares of CCL Industries from C$84.00 to C$90.00 in a research report on Friday, May 10th. Raymond James boosted their target price on shares of CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. CIBC boosted their target price on shares of CCL Industries from C$82.00 to C$83.00 in a research report on Thursday, April 11th. BMO Capital Markets lifted their price target on CCL Industries from C$81.00 to C$83.00 in a research note on Friday, May 10th. Finally, National Bankshares lifted their price target on CCL Industries from C$83.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 11th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, CCL Industries presently has a consensus rating of “Buy” and an average price target of C$82.00.
View Our Latest Analysis on CCL Industries
CCL Industries Price Performance
Insider Activity at CCL Industries
In related news, Director Gunther Johann Birkner sold 20,000 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$71.69, for a total value of C$1,433,800.00. In other news, Director Gunther Johann Birkner sold 20,000 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$71.69, for a total transaction of C$1,433,800.00. Also, Senior Officer James Andrew Sellors sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$71.35, for a total value of C$2,140,461.00. Insiders sold 52,375 shares of company stock worth $3,743,694 in the last quarter. 11.13% of the stock is owned by company insiders.
CCL Industries Company Profile
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.
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