Intertape Polymer Group (TSE:ITP) Director Melbourne F. Yull sold 50,000 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of C$24.54, for a total transaction of C$1,227,000.00.

Intertape Polymer Group (ITP) traded up 0.73% on Friday, hitting $24.73. 40,765 shares of the stock traded hands. The stock has a market cap of $1.46 billion and a price-to-earnings ratio of 27.18. The firm’s 50-day moving average price is $23.68 and its 200-day moving average price is $23.65. Intertape Polymer Group has a 12-month low of $20.05 and a 12-month high of $25.74.

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ITP has been the subject of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on shares of Intertape Polymer Group from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research report on Tuesday, June 13th. Scotiabank reiterated a “focus stock” rating and set a C$28.00 price target on shares of Intertape Polymer Group in a research report on Monday, March 6th. Finally, TD Securities dropped their price target on shares of Intertape Polymer Group from C$29.00 to C$27.00 and set a “buy” rating for the company in a research report 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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