CIBC Increases Winpak (TSE:WPK) Price Target to C$54.00

Winpak (TSE:WPK) had its target price boosted by equities research analysts at CIBC from C$53.00 to C$54.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 9.27% from the company’s previous close.

WPK has been the subject of several other reports. National Bank Financial raised Winpak to a “strong-buy” rating in a research report on Wednesday, September 25th. National Bankshares set a C$55.00 target price on shares of Winpak and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, BMO Capital Markets raised their price objective on Winpak from C$50.00 to C$52.00 in a research note on Friday, October 25th.

Winpak Price Performance

Winpak stock opened at C$49.42 on Monday. The stock has a 50-day moving average price of C$46.00 and a two-hundred day moving average price of C$44.97. The company has a market capitalization of C$3.12 billion, a PE ratio of 16.26, a P/E/G ratio of 4.44 and a beta of 0.21. Winpak has a 12 month low of C$37.71 and a 12 month high of C$49.72. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82.

About Winpak

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.