Intertape Polymer Group (TSE:ITP) had its target price hoisted by National Bank Financial from C$21.00 to C$21.50 in a research note published on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Shares of Intertape Polymer Group stock opened at C$16.53 on Tuesday. The stock has a fifty day simple moving average of C$16.67 and a 200 day simple moving average of C$17.04. Intertape Polymer Group has a 12-month low of C$15.68 and a 12-month high of C$19.34. The company has a market capitalization of $1.00 billion and a P/E ratio of 24.31. The company has a current ratio of 2.26, a quick ratio of 0.96 and a debt-to-equity ratio of 211.73.
In related news, Senior Officer Douglas Nalette sold 32,500 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 127,803 shares in the company, valued at C$2,108,161.61. Also, Senior Officer Joseph Tocci sold 17,250 shares of the company’s stock in a transaction 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 sale, the insider now owns 65,502 shares of the company’s stock, valued at approximately 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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