CCL Industries Inc. (TSE:CCL.B – Get Free Report) shares hit 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.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on CCL.B shares. Scotiabank lifted their price objective on 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. Raymond James upgraded shares of CCL Industries from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$74.00 to C$78.00 in a report on Thursday, March 7th. CIBC upped their price objective on shares of CCL Industries from C$82.00 to C$83.00 in a report on Thursday, April 11th. National Bankshares raised their target price on CCL Industries from C$79.00 to C$81.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, 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 research note on Monday, February 26th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$78.90.
View Our Latest Stock Analysis on CCL.B
CCL Industries Stock Up 1.0 %
Insider Activity at CCL Industries
In other CCL Industries news, Director Derek Cumming sold 700 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of C$69.51, for a total value of C$48,653.50. In related news, Director Derek Cumming sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$69.51, for a total value of C$48,653.50. Also, Director Stuart W. Lang sold 175,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$73.84, for a total transaction of C$12,921,300.00. Insiders sold a total of 293,799 shares of company stock valued at $21,357,228 over the last quarter. Corporate insiders own 11.13% of the company’s stock.
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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