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

Winpak (TSE:WPK) had its price objective upped by equities researchers 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 presently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 3.09% from the company’s previous close.

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

Winpak Stock Up 0.0%

WPK opened at C$47.53 on Wednesday. The stock has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 4.44 and a beta of 0.31. Winpak has a twelve month low of C$37.57 and a twelve month high of C$52.24. The company has a 50-day simple moving average of C$46.23 and a 200 day simple moving average of C$43.71.

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.