Insider Selling: CCL Industries Inc. (TSE:CCL.B) Director Sells 5,776 Shares of Stock

CCL Industries Inc. (TSE:CCL.B) Director Sebastian Rubino sold 5,776 shares of CCL Industries stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$80.78, for a total transaction of C$466,612.43.

Sebastian Rubino also recently made the following trade(s):

• On Tuesday, September 3rd, Sebastian Rubino sold 18,934 shares of CCL Industries stock. The shares were sold at an average price of C$76.39, for a total transaction of C$1,446,320.93.

CCL Industries Price Performance

CCL.B opened at C$80.99 on Friday. The company’s 50-day simple moving average is C$74.98 and its two-hundred day simple moving average is C$72.29. 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 stock has a market capitalization of C$13.53 billion, a P/E ratio of 21.54, a P/E/G ratio of 0.26 and a beta of 0.56. CCL Industries Inc. has a 52-week low of C$52.82 and a 52-week high of C$82.96.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CCL.B shares. Scotiabank upped their price target on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. National Bankshares increased their target price on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. TD Securities lifted their price target on CCL Industries from C$90.00 to C$92.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. BMO Capital Markets increased their price objective on shares of CCL Industries from C$84.00 to C$90.00 in a research report on Thursday. Finally, Raymond James lifted their target price on shares of CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$85.44.

About CCL Industries

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.