Winpak (TSE:WPK) Rating Increased to Outperform at CIBC

CIBC upgraded shares of Winpak (TSE:WPK) from a neutral rating to an outperform rating in a research note issued to investors on Tuesday morning,BayStreet.CA reports. CIBC currently has C$50.00 target price on the stock, up from their previous target price of C$49.00.

Winpak Trading Down 0.5 %

TSE WPK opened at C$42.62 on Tuesday. The stock has a market cap of C$1.87 billion, a PE ratio of 12.84, a PEG ratio of 4.44 and a beta of 0.21. The company’s 50-day moving average price is C$40.21 and its 200-day moving average price is C$44.61. Winpak has a 12 month low of C$37.57 and a 12 month high of C$51.16.

Winpak Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, April 11th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. Winpak’s dividend payout ratio (DPR) is presently 6.03%.

About Winpak

Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery.