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 $66.90, but opened at $72.87. CCL Industries shares last traded at $72.87, with a volume of 6 shares traded.

Analysts Set New Price Targets

A number of research firms have recently commented on CCDBF. TD Securities reissued a “buy” rating on shares of CCL Industries in a report on Friday, May 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of CCL Industries in a report on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of CCL Industries in a research report on Friday, August 14th. Four 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 currently has a consensus rating of “Moderate Buy”.

CCL Industries Stock Performance

The stock has a 50 day moving average of $65.68 and a 200 day moving average of $63.98. The company has a market capitalization of $10.51 billion and a price-to-earnings ratio of 25.81. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 0.29.

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.