CCL Industries (OTCMKTS:CCDBF) Trading Up 6.5% – What’s Next?

Shares of CCL Industries Inc. (OTCMKTS:CCDBF) were up 6.5% during mid-day trading on Tuesday . The company traded as high as $72.8699 and last traded at $72.8699. 11 shares changed hands during trading, a decline of 100% from the average daily volume of 12,655 shares. The stock had previously closed at $68.40.

Analyst Ratings Changes

Several analysts have weighed in on CCDBF shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of CCL Industries in a research report on Friday, August 14th. Royal Bank Of Canada restated an “outperform” rating on shares of CCL Industries in a research report on Friday, August 14th. Finally, TD Securities reiterated a “buy” rating on shares of CCL Industries in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

CCL Industries Price Performance

The firm has a market capitalization of $10.52 billion and a PE ratio of 25.83. The stock’s 50 day simple moving average is $65.59 and its two-hundred day simple moving average is $63.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.39.

CCL Industries Company Profile

CCL Industries is a global specialty packaging company focused on the design and manufacture of pressure-sensitive and speciality labels, flexible packaging, tubes, and security products. The company serves a wide range of end markets, including consumer goods, healthcare, personal care, food and beverage, automotive, electronics, and industrial markets. Its portfolio comprises pressure-sensitive labels, shrink sleeves, in-mold labels, flexible packaging for food and other consumer products, and security-focused solutions such as tamper-evident seals and authentication systems.

Founded in 1951 and headquartered in Toronto, Ontario, CCL Industries has grown through a combination of organic innovation and strategic acquisitions.