Winpak (TSE:WPK) Sets New 52-Week High – Still a Buy?

Winpak Ltd. (TSE:WPK) hit a new 52-week high on Thursday . The company traded as high as C$51.13 and last traded at C$51.08, with a volume of 27591 shares traded. The stock had previously closed at C$50.49.

Analyst Ratings Changes

Separately, National Bank Financial boosted their price target on Winpak from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$50.00.

Winpak Stock Up 1.2%

The stock has a market cap of C$3.10 billion, a P/E ratio of 22.91, a P/E/G ratio of 4.44 and a beta of 0.31. The firm has a 50 day moving average price of C$45.66 and a 200 day moving average price of C$43.40.

Winpak Company Profile

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.