Shares of Winpak Ltd. (TSE:WPK - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$43.81 and traded as high as C$44.13. Winpak shares last traded at C$44.06, with a volume of 40,233 shares.
Wall Street Analysts Forecast Growth
WPK has been the topic of a number of research reports. CIBC upped their price target on Winpak from C$50.00 to C$52.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Cibc World Mkts raised Winpak from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd.
Read Our Latest Report on WPK
Winpak Stock Up 0.6%
The stock has a market capitalization of C$1.94 billion, a PE ratio of 13.36, a P/E/G ratio of 4.44 and a beta of 0.21. The firm has a 50 day moving average price of C$41.68 and a 200 day moving average price of C$43.77.
Winpak Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Wednesday, July 2nd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. Winpak's dividend payout ratio (DPR) is presently 6.03%.
About Winpak
(
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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.
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