Scotiabank Raises Intertape Polymer Group (ITP) Price Target to C$27.00
Intertape Polymer Group (TSE:ITP) had its price target hoisted by equities research analysts at Scotiabank from C$26.00 to C$27.00 in a note issued to investors on Tuesday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 35.00% from the stock’s previous close.
Several other analysts also recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of Intertape Polymer Group from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. TD Securities dropped their target price on shares of Intertape Polymer Group from C$28.00 to C$26.00 in a report on Monday, August 14th.
Shares of Intertape Polymer Group (TSE ITP) traded up C$2.50 during mid-day trading on Tuesday, reaching C$20.00. 1,274,541 shares of the company’s stock traded hands, compared to its average volume of 188,131. Intertape Polymer Group has a 52-week low of C$17.49 and a 52-week high of C$25.74.
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In related news, insider Jeffrey Crystal bought 3,200 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were purchased at an average cost of C$18.50 per share, for a total transaction of C$59,200.00. Insiders have acquired a total of 16,000 shares of company stock worth $297,576 over the last 90 days.
Intertape Polymer Group Company Profile
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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