Intertape Polymer Group (ITP) Given New C$26.00 Price Target at Royal Bank Of Canada

Intertape Polymer Group (TSE:ITP) had its target price lowered by Royal Bank Of Canada from C$27.00 to C$26.00 in a report issued on Tuesday. The firm currently has an outperform rating on the stock.

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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