CCL Industries (OTCMKTS:CCDBF) Shares Gap Up – Here’s What Happened

CCL Industries Inc. (OTCMKTS:CCDBFGet Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $66.90, but opened at $72.87. CCL Industries shares last traded at $72.87, with a volume of 6 shares traded.

Analysts Set New Price Targets

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

Get Our Latest Report on CCDBF

CCL Industries Stock Down 0.2%

The stock’s 50-day moving average price is $65.68 and its two-hundred day moving average price is $63.98. The stock has a market capitalization of $10.51 billion and a P/E ratio of 25.81. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29.

CCL Industries Company Profile

(Get Free Report)

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.

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