Winpak (TSE:WPK) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Winpak Ltd. (TSE:WPK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$43.89 and traded as high as C$47.33. Winpak shares last traded at C$47.31, with a volume of 53,893 shares trading hands.

Wall Street Analysts Forecast Growth

WPK has been the topic of a number of research reports. National Bank Financial increased their price objective on shares of Winpak from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 25th. BMO Capital Markets increased their price target on Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. Finally, Canadian Imperial Bank of Commerce cut Winpak from an “outperform” rating to a “hold” rating and decreased their price objective for the company from C$53.00 to C$52.00 in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$51.00.

Winpak Trading Down 0.0%

The company has a quick ratio of 4.69, a current ratio of 6.34 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average is C$46.46 and its 200 day moving average is C$43.89. The company has a market cap of C$2.82 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 4.44 and a beta of 0.31.

About Winpak

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.