Winpak (TSE:WPK) Price Target Raised to C$52.00

Winpak (TSE:WPK) had its price target upped by analysts at BMO Capital Markets from C$47.00 to C$52.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 7.44% from the stock’s current price.

Separately, National Bank Financial raised their price objective on shares of Winpak from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$50.67.

Winpak Stock Performance

TSE:WPK traded down C$1.87 during trading on Tuesday, reaching C$48.40. The company’s stock had a trading volume of 81,268 shares, compared to its average volume of 70,947. Winpak has a 12 month low of C$37.57 and a 12 month high of C$52.24. The firm has a market cap of C$2.93 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 4.44 and a beta of 0.31. The firm has a 50 day moving average of C$46.05 and a 200-day moving average of C$43.61.

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.