Intertape Polymer Group (ITP) Director Sells C$48,940.00 in Stock

Intertape Polymer Group (TSE:ITP) Director Robert J. Foster sold 2,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of C$24.47, for a total transaction of C$48,940.00.

Intertape Polymer Group (TSE ITP) traded up 0.37% on Wednesday, hitting $24.62. 128,236 shares of the company’s stock were exchanged. Intertape Polymer Group has a 52-week low of $20.05 and a 52-week high of $25.74. The stock has a market cap of $1.46 billion and a P/E ratio of 27.05. The firm has a 50 day moving average price of $23.68 and a 200-day moving average price of $23.65.

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A number of research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of Intertape Polymer Group from C$28.50 to C$29.00 and gave the company a “focus stock” rating in a research note on Tuesday, June 13th. Royal Bank Of Canada raised their price objective on shares of Intertape Polymer Group from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research note on Tuesday, June 13th. Finally, TD Securities dropped their price objective on shares of Intertape Polymer Group from C$29.00 to C$27.00 and set a “buy” rating on the stock in a research note on Friday, March 10th.

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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