Insider Selling: CCL Industries Inc. (CCL.B) Senior Officer Sells 18,300 Shares of Stock

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CCL Industries Inc. (TSE:CCL.B) Senior Officer Sean Washchuk sold 18,300 shares of CCL Industries stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$54.00, for a total value of C$988,200.00. Following the transaction, the insider now owns 55,557 shares in the company, valued at approximately C$3,000,078.

Sean Washchuk also recently made the following trade(s):

  • On Tuesday, March 19th, Sean Washchuk sold 100 shares of CCL Industries stock. The shares were sold at an average price of C$54.00, for a total value of C$5,400.00.

Shares of TSE:CCL.B traded up C$0.28 during trading on Monday, hitting C$53.24. 120,227 shares of the company were exchanged, compared to its average volume of 364,025. The firm has a market capitalization of $8.77 billion and a price-to-earnings ratio of 18.23. CCL Industries Inc. has a fifty-two week low of C$53.00 and a fifty-two week high of C$71.32. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 103.90.

Several research firms have commented on CCL.B. CIBC cut their target price on CCL Industries from C$62.00 to C$61.00 in a research note on Monday, February 25th. Royal Bank of Canada boosted their price target on CCL Industries from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, February 25th. Finally, TD Securities lowered their price target on CCL Industries from C$59.00 to C$58.00 and set a “hold” rating on the stock in a research report on Monday, February 25th.

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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 in 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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