Winpak (TSE:WPK) Shares Cross Above 200 Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$44.21 and traded as high as C$44.74. Winpak shares last traded at C$44.60, with a volume of 107,613 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. National Bank Financial raised their target price on shares of Winpak from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 25th. Canadian Imperial Bank of Commerce cut shares of Winpak from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$53.00 to C$52.00 in a report on Tuesday, February 24th. Finally, BMO Capital Markets raised their price target on Winpak from C$47.00 to C$52.00 and gave the company a “market perform” rating in a research report on Tuesday, February 24th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$51.00.

Winpak Stock Performance

The firm’s 50 day moving average price is C$46.64 and its 200-day moving average price is C$44.23. The firm has a market cap of C$2.62 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 4.44 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 6.34 and a quick ratio of 4.69.

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.