CCL Industries (OTCMKTS:CCDBF) Sets New 12-Month High – Should You Buy?

CCL Industries Inc. (OTCMKTS:CCDBF) shares reached a new 52-week high during trading on Thursday . The company traded as high as $69.4899 and last traded at $62.9085, with a volume of 108 shares changing hands. The stock had previously closed at $63.1595.

Wall Street Analyst Weigh In

Several brokerages have commented on CCDBF. BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a research note on Thursday, December 18th. Scotiabank lowered shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

CCL Industries Trading Up 0.0%

The business’s 50-day moving average is $63.52 and its two-hundred day moving average is $60.26.

CCL Industries (OTCMKTS:CCDBF) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.05). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion.

About CCL Industries

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.