CIBC upgraded shares of Winpak (TSE:WPK) from a neutral rating to an outperform rating in a research report released on Friday, BayStreet.CA reports. The firm currently has C$52.00 price objective on the stock, up from their prior price objective of C$45.00.
Separately, Royal Bank of Canada increased their target price on shares of Winpak from C$44.00 to C$45.00 and gave the stock a sector perform rating in a report on Friday, July 24th.
Shares of TSE WPK opened at C$45.97 on Friday. The company’s 50 day simple moving average is C$45.57 and its 200 day simple moving average is C$43.42. Winpak has a fifty-two week low of C$33.11 and a fifty-two week high of C$52.65. The firm has a market capitalization of $2.99 billion and a P/E ratio of 27.76. The company has a debt-to-equity ratio of 1.29, a current ratio of 10.53 and a quick ratio of 8.59.
Winpak Company Profile
Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The company operates through three segments: Rigid Packaging and Flexible Lidding, Flexible Packaging, and Packaging Machinery. 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.
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