Winpak Ltd. (TSE:WPK) Price Target Raised to C$58.00 at Raymond James Financial, Inc.
Winpak Ltd. (TSE:WPK) had its target price raised by stock analysts at Raymond James Financial, Inc. from C$56.00 to C$58.00 in a report released on Friday, StockTargetPrices.com reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price would indicate a potential upside of 2.75% from the stock’s previous close.
Several other equities analysts also recently commented on the stock. TD Securities downgraded shares of Winpak from a “buy” rating to a “hold” rating and upped their price target for the company from C$58.00 to C$61.00 in a report on Monday, May 1st. Scotiabank upped their price target on shares of Winpak from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Finally, CIBC downgraded shares of Winpak from an “outperform” rating to a “neutral” rating and set a C$60.00 price target on the stock. in a report on Tuesday, June 27th.
Winpak (TSE WPK) traded down 0.64% on Friday, reaching $56.09. The company had a trading volume of 11,197 shares. Winpak has a 12-month low of $42.40 and a 12-month high of $61.43. The stock’s 50 day moving average price is $58.15 and its 200-day moving average price is $53.59. The stock has a market capitalization of $3.65 billion and a PE ratio of 34.28.
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Winpak Ltd. manufactures and distributes packaging materials and related packaging machines. The Company’s products are used for packaging of perishable foods, beverages and in healthcare applications. It operates through six segments: modified atmosphere packaging, specialty films, rigid containers, lidding, biaxially oriented nylon and packaging machinery.
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