CCL Industries (OTCMKTS:CCDBF) Sets New 1-Year High – Should You Buy?

CCL Industries Inc. (OTCMKTS:CCDBF) reached a new 52-week high on Wednesday . The stock traded as high as $65.02 and last traded at $62.7295, with a volume of 21 shares trading hands. The stock had previously closed at $63.97.

Analyst Ratings Changes

CCDBF has been the subject of a number of research reports. BMO Capital Markets reiterated an “outperform” rating on shares of CCL Industries in a research report on Thursday, December 18th. Scotiabank cut CCL Industries from an “outperform” rating to a “sector perform” rating in a research report on Thursday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

CCL Industries Stock Down 0.3%

The company’s 50 day moving average price is $61.90 and its 200 day moving average price is $58.97.

CCL Industries Company Profile

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.