Cibc World Mkts upgraded shares of Winpak (TSE:WPK - Free Report) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.
Separately, CIBC upgraded Winpak from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from C$49.00 to C$50.00 in a report on Tuesday, April 22nd.
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Winpak Price Performance
WPK traded down C$0.30 during mid-day trading on Tuesday, hitting C$42.12. The stock had a trading volume of 7,588 shares, compared to its average volume of 63,105. The stock's fifty day simple moving average is C$40.21 and its 200-day simple moving average is C$44.58. The firm has a market capitalization of C$1.85 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21. Winpak has a 1-year low of C$37.57 and a 1-year high of C$51.16.
Winpak Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, April 11th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Tuesday, April 1st. Winpak's dividend payout ratio is presently 6.03%.
Winpak Company Profile
(
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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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