Winpak (TSE:WPK) Given New C$52.00 Price Target at BMO Capital Markets

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

Separately, National Bank Financial upped their price target on Winpak from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$50.67.

Winpak Price Performance

Shares of Winpak stock traded down C$1.87 during trading on Tuesday, reaching C$48.40. 81,268 shares of the company traded hands, compared to its average volume of 70,947. The firm has a market capitalization of C$2.93 billion, a PE ratio of 21.70, a P/E/G ratio of 4.44 and a beta of 0.31. Winpak has a 1-year low of C$37.57 and a 1-year high of C$52.24. The company has a 50 day moving average price of C$46.05 and a 200-day moving average price 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.