Winpak (TSE:WPK) Downgraded to “Neutral” Rating by Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce lowered shares of Winpak (TSE:WPK) from an outperform rating to a neutral rating in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have C$52.00 price target on the stock, down from their prior price target of C$53.00.

Several other equities research analysts have also recently weighed in on the stock. National Bank Financial boosted their price target on shares of Winpak from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. BMO Capital Markets lifted their price objective on shares of Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$50.67.

Winpak Price Performance

TSE WPK opened at C$47.62 on Tuesday. Winpak has a 1-year low of C$37.57 and a 1-year high of C$52.24. The business has a 50 day simple moving average of C$46.13 and a two-hundred day simple moving average of C$43.65. The stock has a market capitalization of C$2.89 billion, a PE ratio of 21.35, a P/E/G ratio of 4.44 and a beta of 0.31.

Winpak Company Profile

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.