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

Shares of CCL Industries Inc. (OTCMKTS:CCDBF) reached a new 52-week high on Monday . The company traded as high as $65.02 and last traded at $65.02, with a volume of 106 shares. The stock had previously closed at $64.38.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating on shares of CCL Industries in a report on Thursday, December 18th. Scotiabank downgraded shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. Two research 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.com, the stock currently has a consensus rating of “Moderate Buy”.

CCL Industries Stock Up 1.3%

The company’s 50 day moving average price is $62.70 and its 200-day moving average price is $59.61.

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.