Winpak (TSE:WPK) Price Target Raised to C$49.00 at National Bank Financial

Winpak (TSE:WPK) had its target price upped by National Bank Financial from C$48.00 to C$49.00 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities analysts also recently issued reports on WPK. BMO Capital Markets upped their price objective on shares of Winpak from C$47.00 to C$52.00 and gave the company a “market perform” rating in a report on Tuesday. Canadian Imperial Bank of Commerce downgraded shares of Winpak from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$53.00 to C$52.00 in a research report on Tuesday. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Winpak has a consensus rating of “Hold” and a consensus price target of C$51.00.

Winpak Trading Down 0.2%

WPK opened at C$47.51 on Wednesday. The company has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 4.44 and a beta of 0.31. Winpak has a 12-month low of C$37.57 and a 12-month high of C$52.24. The business’s fifty day simple moving average is C$46.18 and its 200-day simple moving average is C$43.68.

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.