CCL Industries (OTCMKTS:CCDBF) Shares Gap Down – Should You Sell?

by · The Markets Daily

CCL Industries Inc. (OTCMKTS:CCDBF – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $68.55, but opened at $65.3995. CCL Industries shares last traded at $65.3695, with a volume of 41 shares trading hands.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on CCDBF

CCL Industries Trading Down 1.0%

The business has a fifty day moving average of $66.67 and a 200-day moving average of $64.30. 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 market capitalization of $10.28 billion and a P/E ratio of 25.31.

CCL Industries Company Profile

(Get Free Report)

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.

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