In a latest note to investors, a research analyst has provided a rating update for the Winpak Limited (WPK). RBC Capital’s analyst Walter Spracklin reiterates their Hold rating on the shares, with a C$46 price target.
According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 17.9% and a 74.9% success rate. Spracklin covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Railway.
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The word on The Street in general, suggests a Hold analyst consensus rating for Winpak Limited with a C$48.67 average price target, which is an 11.4% upside from current levels. In a report released today, GMP FirstEnergy also downgraded the stock to Hold with a C$53 price target.
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The company has a one-year high of C$50.76 and a one-year low of C$42.57. Currently, Winpak Limited has an average volume of 51.5K.
Winpak Ltd. engages in the manufacture and distribution of packaging materials and related packaging machines. Its products include health care, rigid, and flexible packaging, packaging machinery and parts, and flexible lidding. It operates through the following geographical segments: Canada, United States, and Other.
The company’s shares closed on Wednesday at C$43.70, close to its 52-week low of C$42.57.
