Shares of CCL Industries Inc. (TSE:CCL.B – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$74.48 and last traded at C$73.11, with a volume of 307523 shares changing hands. The stock had previously closed at C$72.36.
Analyst Upgrades and Downgrades
CCL.B has been the subject of several recent research reports. Stifel Nicolaus upgraded CCL Industries from a “hold” rating to a “buy” rating and upped their price target for the stock from C$65.00 to C$79.00 in a report on Monday, February 26th. Scotiabank raised their price target on shares of CCL Industries from C$72.00 to C$79.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada upped their price objective on shares of CCL Industries from C$72.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Raymond James raised shares of CCL Industries from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$74.00 to C$78.00 in a research report on Thursday, March 7th. Finally, BMO Capital Markets raised their price objective on shares of CCL Industries from C$76.00 to C$81.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, CCL Industries presently has a consensus rating of “Buy” and an average target price of C$78.90.
Read Our Latest Stock Report on CCL Industries
CCL Industries Price Performance
Insider Activity
In other news, Senior Officer Sean Washchuk sold 1,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$73.60, for a total transaction of C$73,600.00. In related news, Senior Officer Kamal Chandrakant Kotecha sold 5,206 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$70.28, for a total value of C$365,867.79. Also, Senior Officer Sean Washchuk sold 1,000 shares of CCL Industries stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of C$73.60, for a total transaction of C$73,600.00. Over the last ninety days, insiders sold 293,799 shares of company stock worth $21,357,228. 11.13% of the stock is 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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