CCL Industries (OTCMKTS:CCDBF) Reaches New 52-Week High – Still a Buy?

CCL Industries Inc. (OTCMKTS:CCDBF)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $65.02 and last traded at $65.02, with a volume of 106 shares traded. The stock had previously closed at $64.38.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CCDBF shares. Scotiabank cut CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. BMO Capital Markets restated an “outperform” rating on shares of CCL Industries in a report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, CCL Industries presently has an average rating of “Moderate Buy”.

CCL Industries Price Performance

The stock’s 50 day moving average is $62.94 and its two-hundred day moving average is $59.75.

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.