CCL Industries (OTCMKTS:CCDBF) Reaches New 12-Month High – Still a Buy?

CCL Industries Inc. (OTCMKTS:CCDBFGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $64.33 and last traded at $64.33, with a volume of 100 shares traded. The stock had previously closed at $62.3350.

Analyst Ratings Changes

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

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CCL Industries Price Performance

The company’s 50-day moving average is $58.66 and its two-hundred day moving average is $57.96.

CCL Industries Company Profile

(Get Free Report)

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.

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