Winpak (TSE:WPK) Price Target Raised to C$52.00 at CIBC

Winpak (TSE:WPK) had its price target increased by CIBC from C$50.00 to C$52.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Cibc World Mkts raised shares of Winpak from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd.

Winpak Price Performance

Shares of WPK stock opened at C$42.71 on Monday. The firm’s 50-day moving average is C$40.18 and its two-hundred day moving average is C$44.50. Winpak has a 12 month low of C$37.57 and a 12 month high of C$51.16. The company has a market capitalization of C$1.87 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21.

Winpak Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Tuesday, April 1st. Winpak’s dividend payout ratio (DPR) is 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.