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Winpak ( (TSE:WPK) ) has shared an update.
Winpak Ltd. has received approval from the Science Based Targets initiative (SBTi) for its near-term science-based emissions reduction targets. The company aims to reduce its absolute scope 1 and 2 greenhouse gas emissions by 63% and scope 3 emissions by 51.6% per metric ton of sold product by 2030, based on a 2022 baseline. These targets align with a 1.5°C temperature change trajectory, enhancing Winpak’s position in helping customers meet their sustainability goals and reduce climate impact.
The most recent analyst rating on (TSE:WPK) stock is a Buy with a C$46.00 price target. To see the full list of analyst forecasts on Winpak stock, see the TSE:WPK Stock Forecast page.
Spark’s Take on TSE:WPK Stock
According to Spark, TipRanks’ AI Analyst, TSE:WPK is a Outperform.
Winpak Limited’s strong financial performance and attractive valuation are significant strengths. However, bearish technical indicators and recent earnings decline present challenges. Positive corporate events partially offset these concerns, resulting in a moderate overall score.
To see Spark’s full report on TSE:WPK stock, click here.
More about Winpak
Winpak is a company that manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily for the protection of perishable foods, beverages, pharmaceuticals, medical, and personal care products. The company is committed to sustainability and is actively engaged in promoting the principles of a Circular Economy. It is a member of several industry associations focused on recycling and sustainable packaging.
Average Trading Volume: 55,690
Technical Sentiment Signal: Hold
Current Market Cap: C$2.51B
See more insights into WPK stock on TipRanks’ Stock Analysis page.