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Equities research analysts at TD Securities initiated coverage on shares of Intertape (TSE:ITP) in a research note issued to investors on Thursday. The firm set a “buy” rating and a C$18.50 price target on the stock. TD Securities’ price target would suggest a potential upside of 35.23% from the company’s current price.

Shares of Intertape (TSE:ITP) opened at 13.68 on Thursday. Intertape has a 52-week low of $11.12 and a 52-week high of $15.62. The stock’s 50-day moving average is $13.37 and its 200-day moving average is $12.68. The company has a market cap of $834.6 million and a P/E ratio of 8.38.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.51%.

Intertape Polymer Group Inc (TSE:ITP) operates in the specialty packaging industry.

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