BMO Capital Markets Issues Positive Forecast for Winpak (TSE:WPK) Stock Price

Winpak (TSE:WPK) had its target price lifted by BMO Capital Markets from C$47.00 to C$52.00 in a report released on Tuesday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

Separately, National Bank Financial increased their price objective on Winpak from C$47.00 to C$48.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$50.67.

Winpak Stock Down 5.3%

TSE WPK opened at C$47.62 on Tuesday. Winpak has a 52 week low of C$37.57 and a 52 week high of C$52.24. The company has a 50 day moving average price of C$46.13 and a 200 day moving average price of C$43.65. The firm has a market cap of C$2.89 billion, a PE ratio of 21.35, a price-to-earnings-growth 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.