Winpak (TSE:WPK - Get Free Report) was upgraded by equities researchers at CIBC from a "neutral" rating to an "outperform" rating in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a C$50.00 price target on the stock, up from their prior price target of C$49.00. CIBC's price target points to a potential upside of 18.71% from the stock's current price.
Winpak Stock Up 2.2 %
WPK traded up C$0.92 during trading on Tuesday, hitting C$42.12. The company's stock had a trading volume of 23,098 shares, compared to its average volume of 64,375. Winpak has a twelve month low of C$37.57 and a twelve month high of C$51.16. The firm has a market capitalization of C$1.85 billion, a P/E ratio of 12.69, a PEG ratio of 4.44 and a beta of 0.21. The stock's fifty day moving average price is C$40.22 and its 200-day moving average price is C$44.67.
Winpak Company Profile
(
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Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery.
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