Winpak (WPK) Stock Rating Lowered by CIBC

CIBC downgraded shares of Winpak (TSE:WPK) from an outperform rating to a neutral rating in a research report report published on Friday morning. CIBC currently has C$51.00 price target on the stock.

Separately, Royal Bank of Canada set a C$47.00 target price on Winpak and gave the company a sector perform rating in a research note on Saturday, July 14th.

Shares of Winpak stock opened at C$43.83 on Friday. Winpak has a 1-year low of C$42.50 and a 1-year high of C$51.81.



The firm also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Monday, October 1st were paid a dividend of $0.03 per share. The ex-dividend date was Friday, September 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.27%.

About Winpak

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The company offers medical packaging products, including thermoforming films, pre-made cups, lidding films, die-cut lids, pouches, central supply room wraps and draping films, and packaging machinery; pharmaceutical packaging products, such as blister foils, pouch stock products, child-resistant blister lidding products, and cold form laminates; and laminations for pouches and lidding applications for personal care products, such as cosmetics, skin creams, and shampoos.

Featured Article: Stock Selection – What is cash flow?

Receive News & Ratings for Winpak Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winpak and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply