Intertape Polymer Group (TSE:ITP) Price Target Raised to C$21.50
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 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.
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