CIBC Upgrades CCL Industries (OTCMKTS:WIPKF) to Outperform

CIBC upgraded shares of CCL Industries (OTCMKTS:WIPKF) from a neutral rating to an outperform rating in a report published on Friday morning, The Fly reports.

WIPKF opened at $33.70 on Friday. CCL Industries has a 1-year low of $30.51 and a 1-year high of $36.83. The company has a fifty day moving average price of $34.68 and a two-hundred day moving average price of $33.91.

About CCL Industries

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The company operates through three segments: Rigid Packaging and Flexible Lidding, Flexible Packaging, and Packaging Machinery. The company offers medical packaging products, including thermoforming films, pre-made cups, lidding films, die-cut lids, pouches, central supply room wraps and draping films, and packaging machinery; pharmaceutical packaging products, such as blister foils, pouch stock products, child-resistant blister lidding products, and cold form laminates; and laminations for pouches and lidding applications for personal care products, such as cosmetics, skin creams, and shampoos.

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