Intertape Polymer Group (ITP) Trading Up 5.3%
Intertape Polymer Group (TSE:ITP) shares were up 5.3% during trading on Friday . The stock traded as high as C$22.33 and last traded at C$22.32. Approximately 284,065 shares were traded during mid-day trading, an increase of 138% from the average daily volume of 119,579 shares. The stock had previously closed at C$21.19.
Several research analysts have recently commented on ITP shares. Royal Bank of Canada decreased their target price on Intertape Polymer Group from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. Scotiabank lifted their target price on Intertape Polymer Group from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th.
The company has a market cap of $1,320.00, a PE ratio of 16.63 and a beta of 0.93.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.18 dividend. This is a positive change from Intertape Polymer Group’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, December 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.21%. Intertape Polymer Group’s dividend payout ratio (DPR) is presently 41.48%.
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.
Receive News & Ratings for Intertape Polymer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intertape Polymer Group and related companies with MarketBeat.com's FREE daily email newsletter.