Intertape Polymer Group (ITP) Price Target Cut to C$26.00
Intertape Polymer Group (TSE:ITP) had its price target decreased by stock analysts at Royal Bank Of Canada from C$27.00 to C$26.00 in a research report issued on Tuesday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 36.55% from the company’s previous close.
ITP has been the subject of several other research reports. Scotiabank lowered Intertape Polymer Group from a “focus stock” rating to an “outperform” rating and cut their price target for the company from C$29.00 to C$26.00 in a report on Monday, August 14th. TD Securities cut their price target on Intertape Polymer Group from C$28.00 to C$26.00 in a report on Monday, August 14th.
Shares of Intertape Polymer Group (ITP) traded down 1.81% on Tuesday, hitting $19.04. The stock had a trading volume of 274,357 shares. The stock has a market cap of $1.13 billion and a PE ratio of 21.89. The stock has a 50 day moving average of $19.01 and a 200-day moving average of $22.07. Intertape Polymer Group has a 12 month low of $17.97 and a 12 month high of $25.74.
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In related news, insider Jeffrey Crystal acquired 1,800 shares of Intertape Polymer Group stock in a transaction on Friday, September 29th. The shares were bought at an average cost of C$18.02 per share, with a total value of C$32,436.00. Insiders have acquired 16,000 shares of company stock worth $297,576 over the last three months.
About Intertape Polymer Group
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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