Winpak (TSE:WPK) Stock Passes Above 200-Day Moving Average – Should You Sell?

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 traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WPK shares. BMO Capital Markets boosted their target price on shares of Winpak from C$47.00 to C$52.00 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Canadian Imperial Bank of Commerce cut shares of Winpak from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$53.00 to C$52.00 in a report on Tuesday, February 24th. Finally, National Bank Financial increased their target price 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. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Winpak presently has an average rating of “Hold” and an average target price of C$51.00.

Winpak Stock Down 1.1%

The firm has a market cap of C$2.81 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 4.44 and a beta of 0.51. The business has a fifty day simple moving average of C$46.57 and a 200 day simple moving average of C$43.96. The company has a debt-to-equity ratio of 1.06, a current ratio of 6.34 and a quick ratio of 4.69.

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.