CCL Industries (OTCMKTS:CCDBF) Hits New 12-Month High – What’s Next?

CCL Industries Inc. (OTCMKTS:CCDBF)’s share price hit a new 52-week high on Monday . The stock traded as high as $75.17 and last traded at $75.17, with a volume of 8 shares traded. The stock had previously closed at $64.94.

Analysts Set New Price Targets

CCDBF has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of CCL Industries in a research report on Friday, May 15th. TD Securities reiterated a “buy” rating on shares of CCL Industries in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

CCL Industries Stock Up 0.2%

The company’s fifty day moving average is $62.44 and its 200-day moving average is $62.86. The company has a market capitalization of $10.36 billion and a PE ratio of 40.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.39.

CCL Industries (OTCMKTS:CCDBF) last released its earnings results on Wednesday, May 13th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. CCL Industries had a net margin of 10.37% and a return on equity of 14.62%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion.

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.