CCL Industries (OTCMKTS:CCDBF) Shares Gap Up – Time to Buy?

CCL Industries Inc. (OTCMKTS:CCDBF) gapped up before the market opened on Monday. The stock had previously closed at $65.52, but opened at $68.77. CCL Industries shares last traded at $68.77, with a volume of 100 shares traded.

Analyst Upgrades and Downgrades

CCDBF has been the subject of a number of analyst reports. 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 reaffirmed an “outperform” rating on shares of CCL Industries in a report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

CCL Industries Trading Up 0.5%

The business has a 50 day moving average of $66.87 and a two-hundred day moving average of $64.32. The firm has a market cap of $10.46 billion and a P/E ratio of 25.76. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

About CCL Industries

CCL Industries Inc is a Canadian specialty packaging and labeling company headquartered in Toronto, Ontario. The company develops and manufactures innovative packaging, identification and security solutions for consumer, healthcare, industrial and automotive markets.

Its operations include pressure-sensitive, shrink-sleeve and in-mold labels; aluminum and plastic containers; specialty films; tubes; and RFID and electronic article-surveillance products. CCL Industries also provides labeling and packaging solutions for the personal care, household, food, beverage, pharmaceutical and automotive industries, along with consumer and business products sold through its Avery operations.

Founded in 1951, CCL Industries has expanded from a Canadian label manufacturer into a global company serving customers through manufacturing and distribution operations across North America, Europe, Asia, Latin America and other international markets.