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

CCL Industries Inc. (OTCMKTS:CCDBF)’s stock price traded up 6.5% during mid-day trading on Tuesday . The stock traded as high as $72.8699 and last traded at $72.8699. 11 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 12,655 shares. The stock had previously closed at $68.40.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CCDBF shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of CCL Industries in a report on Friday, August 14th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of CCL Industries in a report on Friday, August 14th. Finally, TD Securities restated a “buy” rating on shares of CCL Industries in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

CCL Industries Trading Down 0.7%

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

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.