Winpak Ltd. (TSE:WPK) was downgraded by stock analysts at GMP Securities from a “buy” rating to a “hold” rating in a research note issued on Friday, October 27th.
A number of other research analysts also recently weighed in on the company. Raymond James Financial, Inc. downgraded Winpak from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$58.00 to C$55.00 in a report on Friday, October 27th. CIBC downgraded Winpak from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$55.00 to C$53.00 in a report on Friday, October 27th. TD Securities reduced their price target on Winpak from C$61.00 to C$51.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Finally, Scotiabank set a C$60.00 price target on Winpak and gave the stock an “outperform” rating in a research report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$54.75.
Winpak (TSE:WPK) opened at C$48.29 on Friday. Winpak has a 1-year low of C$44.54 and a 1-year high of C$61.43.
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Winpak Company Profile
Winpak Ltd. manufactures and distributes packaging materials and related packaging machines. The Company’s products are used for packaging of perishable foods, beverages and in healthcare applications. It operates through six segments: modified atmosphere packaging, specialty films, rigid containers, lidding, biaxially oriented nylon and packaging machinery.
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