CCL Industries (OTCMKTS:CCDBF) Shares Gap Down – Here’s What Happened

CCL Industries Inc. (OTCMKTS:CCDBF)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $60.24, but opened at $57.0422. CCL Industries shares last traded at $57.50, with a volume of 129 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Scotiabank cut shares of CCL Industries from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 29th. BMO Capital Markets restated an “outperform” rating on shares of CCL Industries in a report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

CCL Industries Stock Performance

The business has a 50-day simple moving average of $61.98 and a 200-day simple moving average of $59.05.

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.