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

CCL Industries Inc. (OTCMKTS:CCDBF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $65.84, but opened at $68.37. CCL Industries shares last traded at $65.10, with a volume of 108 shares.

Analysts Set New Price Targets

CCDBF has been the subject of several analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of CCL Industries in a report on Thursday, December 18th. Scotiabank lowered shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

CCL Industries Price Performance

The business has a 50-day simple moving average of $63.46 and a two-hundred day simple moving average of $60.14.

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

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.