CCL Industries (OTCMKTS:CCDBF) Shares Gap Up – Should You Buy?

CCL Industries Inc. (OTCMKTS:CCDBF) shares gapped up before the market opened on Friday . The stock had previously closed at $62.98, but opened at $65.70. CCL Industries shares last traded at $65.70, with a volume of 3 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCDBF. BMO Capital Markets reissued an “outperform” rating on shares of CCL Industries in a research report on Thursday, December 18th. Scotiabank downgraded CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

CCL Industries Trading Up 0.3%

The business’s fifty day moving average price is $63.52 and its 200 day moving average price is $60.28.

CCL Industries (OTCMKTS:CCDBF) last posted its earnings results on Wednesday, February 25th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.05). The company had revenue of $1.37 billion for 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.