CCL Industries (OTCMKTS:CCDBF) Shares Gap Up – Still a Buy?

CCL Industries Inc. (OTCMKTS:CCDBF) gapped up prior to trading on Monday. The stock had previously closed at $65.52, but opened at $68.77. CCL Industries shares last traded at $68.77, with a volume of 100 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CCDBF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of CCL Industries in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of CCL Industries in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, CCL Industries presently has a consensus rating of “Moderate Buy”.

CCL Industries Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.39. The company has a fifty day moving average price of $66.87 and a two-hundred day moving average price of $64.32. The company has a market cap of $10.46 billion and a P/E ratio of 25.76.

About CCL Industries

CCL Industries Inc is a Canadian specialty packaging and labeling company headquartered in Toronto, Ontario. The company develops and manufactures innovative packaging, identification and security solutions for consumer, healthcare, industrial and automotive markets.

Its operations include pressure-sensitive, shrink-sleeve and in-mold labels; aluminum and plastic containers; specialty films; tubes; and RFID and electronic article-surveillance products. CCL Industries also provides labeling and packaging solutions for the personal care, household, food, beverage, pharmaceutical and automotive industries, along with consumer and business products sold through its Avery operations.

Founded in 1951, CCL Industries has expanded from a Canadian label manufacturer into a global company serving customers through manufacturing and distribution operations across North America, Europe, Asia, Latin America and other international markets.