Intertape Polymer Group (TSE:ITP) Director James Pantelidis acquired 2,000 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was purchased at an average price of C$7.56 per share, for a total transaction of C$15,120.00. Following the acquisition, the director now directly owns 44,500 shares in the company, valued at C$336,420.
Shares of Intertape Polymer Group stock opened at C$8.50 on Thursday. The firm has a market cap of $509.85 million and a PE ratio of 12.50. The firm’s 50-day simple moving average is C$13.55 and its 200-day simple moving average is C$15.91. The company has a debt-to-equity ratio of 211.73, a quick ratio of 0.96 and a current ratio of 2.26. Intertape Polymer Group has a 1 year low of C$7.02 and a 1 year high of C$19.34.
Intertape Polymer Group (TSE:ITP) last issued its earnings results on Friday, March 13th. The company reported C$0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.34. The company had revenue of C$384.73 million during the quarter, compared to analyst estimates of C$385.11 million. On average, equities analysts predict that Intertape Polymer Group will post 1.0800001 earnings per share for the current year.
A number of equities analysts have commented on ITP shares. Scotiabank cut their price objective on shares of Intertape Polymer Group from C$24.00 to C$19.00 in a report on Monday, March 16th. Royal Bank of Canada cut their price objective on shares of Intertape Polymer Group from C$18.00 to C$12.00 and set a “sector perform” rating on the stock in a report on Monday, March 16th. TD Securities cut their price objective on shares of Intertape Polymer Group from C$20.00 to C$18.00 and set a “buy” rating on the stock in a report on Monday, March 16th. CIBC cut their price objective on shares of Intertape Polymer Group from C$19.00 to C$13.00 in a report on Monday, March 16th. Finally, National Bank Financial cut their price objective on shares of Intertape Polymer Group from C$21.50 to C$14.00 and set an “outperform” rating on the stock in a report on Monday, March 16th.
Intertape Polymer Group Company Profile
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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