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 company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of C$69.85, for a total value of C$27,940.00. Following the transaction, the director now directly owns 100 shares in the company, valued at C$6,985. This represents a 80.00 % decrease in their ownership of the stock.

CCL Industries Trading Down 1.6 %

CCL Industries stock opened at C$69.35 on Friday. CCL Industries Inc. has a 52 week low of C$66.96 and a 52 week high of C$84.70. The stock has a 50-day moving average price of C$72.03 and a 200 day moving average price of C$76.02. The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$11.59 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 0.26 and a beta of 0.57.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CCL.B. Scotiabank boosted their price target on CCL Industries from C$85.00 to C$86.00 in a research note on Friday, February 21st. CIBC dropped their target price on shares of 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$90.38.

About CCL Industries

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.