Several other analysts have also weighed in on the stock. TD Securities lowered their target price on shares of Intertape Polymer Group from C$28.00 to C$26.00 in a research note on Monday, August 14th. Scotiabank lowered shares of Intertape Polymer Group from a focus stock rating to an outperform rating and lowered their target price for the company from C$29.00 to C$26.00 in a research note on Monday, August 14th.
Shares of Intertape Polymer Group (TSE:ITP) opened at 19.04 on Tuesday. The company’s 50-day moving average is $19.01 and its 200-day moving average is $22.07. The firm has a market cap of $1.13 billion and a PE ratio of 21.89. Intertape Polymer Group has a 52 week low of $17.97 and a 52 week high of $25.74.
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In other Intertape Polymer Group news, insider Jeffrey Crystal bought 1,800 shares of the stock in a transaction on Friday, September 29th. The stock was purchased at an average price of C$18.02 per share, for a total transaction of C$32,436.00. In the last quarter, insiders have acquired 16,000 shares of company stock valued at $297,576.
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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