CCL Industries (OTCMKTS:CCDBF) Stock Price Up 2% – Still a Buy?

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of CCL Industries in a report 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CCL Industries has a consensus rating of “Moderate Buy”.

CCL Industries Trading Up 2.0%

The stock has a market cap of $11.21 billion and a PE ratio of 27.62. The stock has a 50-day moving average price of $67.55 and a two-hundred day moving average price of $64.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.01.

About CCL Industries

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.