Winpak Limited (WPK) Gets a Buy Rating from Scotiabank


Winpak Limited (WPK), the Consumer Goods sector company, was revisited by a Wall Street analyst today. Analyst Mark Neville from Scotiabank reiterated a Buy rating, with a C$55 price target.

Neville has an average return of 4.2% when recommending Winpak Limited.

According to TipRanks.com, Neville is ranked #896 out of 5215 analysts.

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Currently, the analyst consensus on Winpak Limited is a Moderate Buy with an average price target of C$50.25.

Based on Winpak Limited’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$36.38 million. In comparison, last year the company had a net profit of C$50.38 million.

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$42.51.

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