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

Winpak (TSE:WPK - Free Report) had its price objective boosted by CIBC from C$50.00 to C$52.00 in a research note released on Monday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

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

Winpak Stock Performance

Shares of TSE:WPK remained flat at C$42.95 during midday trading on Monday. The stock had a trading volume of 36,997 shares, compared to its average volume of 62,783. Winpak has a 52-week low of C$37.57 and a 52-week high of C$51.16. The business has a 50-day simple moving average of C$40.15 and a two-hundred day simple moving average of C$44.48. The firm has a market cap of C$1.88 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21.

Winpak Dividend Announcement

The company also recently announced 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend 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.