CCL Industries (OTCMKTS:CCDBF) Stock Price Up 2% – Here’s What Happened

CCL Industries Inc. (OTCMKTS:CCDBF) shares traded up 2% on Monday. The company traded as high as $71.53 and last traded at $71.53. 47,026 shares were traded during trading, an increase of 248% from the average session volume of 13,511 shares. The stock had previously closed at $70.10.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of CCL Industries in a research note on Tuesday, October 27th. Royal Bank Of Canada restated an “outperform” rating on shares of CCL Industries in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

CCL Industries Trading Up 1.2%

The company has a 50-day moving average of $67.70 and a 200 day moving average of $64.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.01. The company has a market cap of $11.15 billion and a PE ratio of 27.79.

CCL Industries Company Profile

CCL Industries Inc is a Canada-based global specialty packaging and labeling company. Through its operating businesses, the company provides pressure-sensitive and in-mold labels, shrink-sleeve products, aluminum packaging, specialty films, and other decorated packaging solutions for consumer, healthcare, personal care, food, beverage, and industrial markets.

CCL Industries also supplies apparel and retail identification products, RFID and electronic identification solutions, security labels and tags, and labels and components for medical devices, household products, and automotive applications.