CCL Industries (OTCMKTS:CCDBF) Stock Price Up 6.5% – Should You Buy?

CCL Industries Inc. (OTCMKTS:CCDBF) shares were up 6.5% during trading on Tuesday . The stock traded as high as $72.8699 and last traded at $72.8699. 11 shares traded 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

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

CCL Industries Stock Down 0.7%

The company has a market cap of $10.69 billion and a P/E ratio of 26.23. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average price is $65.35 and its 200-day moving average price is $63.88.

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.