CCL Industries Inc. (TSE:CCL.B – Get Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as C$81.69 and last traded at C$81.60, with a volume of 86807 shares. The stock had previously closed at C$80.45.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on CCL.B shares. TD Securities boosted their target price on CCL Industries from C$90.00 to C$92.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Raymond James boosted their target price on CCL Industries from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Scotiabank boosted their target price on CCL Industries from C$80.00 to C$84.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. BMO Capital Markets boosted their target price on CCL Industries from C$84.00 to C$90.00 in a report on Thursday, September 12th. Finally, National Bankshares boosted their target price on 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 investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$85.44.
Read Our Latest Report on CCL Industries
CCL Industries Trading Down 0.5 %
Insider Transactions at CCL Industries
In related news, insider CCL Industries Inc. acquired 230,500 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were acquired at an average price of C$72.48 per share, with a total value of C$16,705,718.00. In related news, Director Stuart W. Lang sold 37,290 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$76.70, for a total value of C$2,860,143.00. Also, insider CCL Industries Inc. bought 230,500 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was acquired at an average cost of C$72.48 per share, for a total transaction of C$16,705,718.00. Over the last 90 days, insiders have sold 110,924 shares of company stock valued at $8,521,231. 11.16% of the stock is currently owned by company insiders.
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.
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