Winpak (TSE:WPK) Given New C$49.00 Price Target at National Bank Financial

Winpak (TSE:WPK) had its price target upped by research analysts at National Bank Financial from C$48.00 to C$49.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 3.44% from the stock’s current price.

A number of other research analysts also recently issued reports on WPK. BMO Capital Markets increased their price objective on Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a report on Tuesday. Canadian Imperial Bank of Commerce downgraded shares of Winpak from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$53.00 to C$52.00 in a research note on Tuesday. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$51.00.

Winpak Price Performance

Shares of Winpak stock traded down C$0.25 on Wednesday, hitting C$47.37. The company had a trading volume of 59,821 shares, compared to its average volume of 71,660. The stock has a 50-day moving average of C$46.13 and a 200-day moving average of C$43.65. Winpak has a twelve month low of C$37.57 and a twelve month high of C$52.24. The firm has a market capitalization of C$2.87 billion, a P/E ratio of 21.24, a P/E/G ratio of 4.44 and a beta of 0.31.

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.