Intertape Polymer Group (ITP) Trading -2.8% Higher
Intertape Polymer Group (TSE:ITP) shares traded up 2.8% on Monday . The stock traded as high as C$18.01 and last traded at C$17.50. 517,783 shares traded hands during mid-day trading, an increase of 183% from the average session volume of 183,125 shares. The stock had previously closed at C$18.00.
Several research analysts have weighed in on the company. Royal Bank Of Canada cut their price objective on Intertape Polymer Group from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Monday, August 14th. TD Securities cut their price objective on Intertape Polymer Group from C$28.00 to C$26.00 in a research report on Monday, August 14th. Finally, Scotiabank cut Intertape Polymer Group from a “focus stock” rating to an “outperform” rating and cut their price objective for the stock from C$29.00 to C$26.00 in a research report on Monday, August 14th.
In other news, insider Jeffrey Crystal purchased 9,500 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were purchased at an average price of C$18.54 per share, with a total value of C$176,130.00. Insiders have bought a total of 16,000 shares of company stock worth $297,576 in the last ninety days.
About Intertape Polymer Group
Intertape Polymer Group Inc operates in the specialty packaging industry. The Company develops, manufactures and sells a range of paper and film-based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin packaging films, woven coated fabrics and complementary packaging systems for industrial and retail use.
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