Winpak (TSE:WPK) Upgraded at Cibc World Mkts

Winpak (TSE:WPK) was upgraded by investment analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Separately, CIBC raised Winpak from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$49.00 to C$50.00 in a report on Tuesday.

Winpak Stock Performance

Shares of Winpak stock opened at C$42.85 on Tuesday. The company has a fifty day moving average of C$40.21 and a 200 day moving average of C$44.63. The company has a market capitalization of C$1.88 billion, a P/E ratio of 12.91, a P/E/G ratio of 4.44 and a beta of 0.21. Winpak has a fifty-two week low of C$37.57 and a fifty-two week high of C$51.16.

Winpak Company Profile

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.