CCL Industries (OTCMKTS:CCDBF) Sets New 12-Month High – Should You Buy?

Shares of CCL Industries Inc. (OTCMKTS:CCDBF) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $69.4899 and last traded at $62.9085, with a volume of 108 shares trading hands. The stock had previously closed at $63.1595.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Scotiabank lowered shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a research report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, CCL Industries presently has an average rating of “Moderate Buy”.

CCL Industries Price Performance

The firm has a 50-day simple moving average of $63.52 and a two-hundred day simple moving average of $60.26.

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

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.