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

Winpak (TSE:WPK) had its price objective cut by equities research analysts at CIBC from C$54.00 to C$49.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 19.54% from the stock’s current price.

Winpak Stock Performance

Shares of WPK traded down C$2.14 during mid-day trading on Friday, hitting C$40.99. 52,283 shares of the company’s stock were exchanged, compared to its average volume of 71,871. The company has a market cap of C$1.80 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 4.44 and a beta of 0.21. The stock’s 50-day moving average is C$44.69 and its 200-day moving average is C$46.35. Winpak has a fifty-two week low of C$38.81 and a fifty-two week 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.