Winpak (TSE:WPK) Given New C$49.00 Price Target at CIBC

Winpak (TSE:WPK) had its target price lowered by analysts at CIBC from C$54.00 to C$49.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 19.54% from the stock’s current price.

Winpak Trading Down 5.0 %

WPK stock traded down C$2.14 during mid-day trading on Friday, hitting C$40.99. 52,283 shares of the company were exchanged, compared to its average volume of 71,871. The company has a market capitalization of C$1.80 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21. The firm has a fifty day simple moving average of C$44.69 and a 200 day simple moving average of C$46.35. Winpak has a twelve month low of C$38.81 and a twelve month high of C$51.16.

Winpak Company Profile

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.