Intertape Polymer Group (ITP) Director Sells C$1,227,000.00 in Stock
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.
COPYRIGHT VIOLATION WARNING: “Intertape Polymer Group (ITP) Director Sells C$1,227,000.00 in Stock” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/06/23/intertape-polymer-group-itp-director-sells-c1227000-00-in-stock.html.
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.
Receive News & Ratings for Intertape Polymer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intertape Polymer Group and related companies with MarketBeat.com's FREE daily email newsletter.