CCL Industries (OTCMKTS:CCDBF) Stock Price Down 0.7%

CCL Industries Inc. (OTCMKTS:CCDBF – Get Rating) shares fell 0.7% on Tuesday . The company traded as low as $44.99 and last traded at $45.02. 587 shares changed hands during trading, a decline of 7% from the average session volume of 631 shares. The stock had previously closed at $45.33.

A number of research firms have recently weighed in on CCDBF. Raymond James cut their price target on CCL Industries from C$81.00 to C$79.00 in a report on Monday, February 28th. Royal Bank of Canada lowered their price objective on shares of CCL Industries from C$80.00 to C$74.00 in a research note on Friday, May 13th. TD Securities lowered their price objective on shares of CCL Industries from C$80.00 to C$70.00 in a research note on Tuesday, March 1st. BMO Capital Markets lowered their price objective on shares of CCL Industries from C$80.00 to C$79.00 in a research note on Friday, May 13th. Finally, National Bank Financial began coverage on shares of CCL Industries in a research note on Tuesday, May 31st. They set an “outperform” rating on the stock. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $76.67.

The company’s 50-day simple moving average is $45.76 and its 200-day simple moving average is $48.07.

About CCL Industries (OTCMKTS:CCDBF)

CCL Industries Inc engages in manufacture and sale of labels, and provides media and software solutions. It operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and extruded film materials for decorative, instructional, security, and functional applications in the consumer packaging, healthcare, chemicals, consumer durables, electronic device, and automotive markets.

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