Intertape Polymer Group (TSE:ITP) had its target price lifted by National Bank Financial from C$21.00 to C$21.50 in a research report released on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Shares of Intertape Polymer Group stock opened at C$16.53 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 0.96 and a debt-to-equity ratio of 211.73. The firm has a market capitalization of $1.00 billion and a PE ratio of 24.31. The business’s 50-day moving average price is C$16.67 and its 200-day moving average price is C$17.04. Intertape Polymer Group has a 12 month low of C$15.68 and a 12 month high of C$19.34.

In related news, Senior Officer Douglas Nalette sold 32,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$16.50, for a total transaction of C$536,100.50. Following the transaction, the insider now directly owns 127,803 shares in the company, valued at approximately C$2,108,161.61. Also, Senior Officer Joseph Tocci sold 17,250 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of C$16.65, for a total value of C$287,126.25. Following the transaction, the insider now owns 65,502 shares in the company, valued at C$1,090,280.79.

Intertape Polymer Group Company Profile

Intertape Polymer Group Inc, together with its subsidiaries, operates in the packaging industry in Canada, the United States, and internationally. It develops, manufactures, and sells various paper-and-film based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin films, protective packaging and engineered coated products, and complementary packaging systems for industrial and retail use.

Read More: Cash Flow

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.