Winpak Ltd. (WPK) PT Lowered to C$51.00 at TD Securities
A number of other research analysts have also recently commented on WPK. Raymond James Financial, Inc. boosted their price objective on Winpak from C$56.00 to C$58.00 and gave the stock an outperform rating in a research note on Friday, July 21st. Scotiabank set a C$60.00 price objective on Winpak and gave the stock an outperform rating in a research note on Friday, July 28th. Finally, CIBC upgraded Winpak from a neutral rating to an outperform rating and reduced their price objective for the stock from C$58.00 to C$55.00 in a research note on Monday, September 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of C$54.75.
Shares of Winpak (TSE WPK) opened at 50.22 on Friday. The firm’s 50-day moving average price is $52.10 and its 200 day moving average price is $55.13. Winpak has a one year low of $44.54 and a one year high of $61.43. The stock has a market cap of $3.26 billion and a P/E ratio of 30.53.
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In related news, Director Timothy Lee Johnson sold 5,743 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of C$53.00, for a total value of C$304,379.00.
Winpak Ltd. manufactures and distributes packaging materials and related packaging machines. The Company’s products are used for packaging of perishable foods, beverages and in healthcare applications. It operates through six segments: modified atmosphere packaging, specialty films, rigid containers, lidding, biaxially oriented nylon and packaging machinery.
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