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

Winpak (TSE:WPK) had its price target raised by stock analysts at National Bank Financial from C$48.00 to C$49.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 3.44% from the company’s previous close.

WPK has been the topic of several other research reports. Canadian Imperial Bank of Commerce lowered shares of Winpak from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$53.00 to C$52.00 in a research report on Tuesday. BMO Capital Markets lifted their price target on Winpak from C$47.00 to C$52.00 and gave the company a “market perform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$51.00.

Winpak Trading Down 0.5%

Shares of WPK stock traded down C$0.25 during trading on Wednesday, hitting C$47.37. The company’s stock had a trading volume of 59,821 shares, compared to its average volume of 71,660. The company has a market cap of C$2.87 billion, a PE ratio of 21.24, a P/E/G ratio of 4.44 and a beta of 0.31. Winpak has a 52 week low of C$37.57 and a 52 week high of C$52.24. The business has a fifty day moving average of C$46.13 and a 200-day moving average of C$43.65.

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.