Intertape Polymer Group Inc. (TSE:ITP) declared a quarterly dividend on Wednesday, September 15th, TickerTech reports. Investors of record on Thursday, September 30th will be paid a dividend of 0.17 per share on Thursday, September 30th. This represents a $0.68 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, September 15th.
TSE ITP traded down C$0.01 during trading on Tuesday, reaching C$29.22. 104,964 shares of the company traded hands, compared to its average volume of 196,191. The company has a debt-to-equity ratio of 173.63, a quick ratio of 1.01 and a current ratio of 2.38. The stock’s 50 day moving average price is C$29.06 and its two-hundred day moving average price is C$28.81. The company has a market cap of C$1.73 billion and a price-to-earnings ratio of 18.00. Intertape Polymer Group has a 1-year low of C$14.30 and a 1-year high of C$32.88.
ITP has been the topic of a number of recent research reports. Cormark lifted their price objective on Intertape Polymer Group to C$45.00 in a report on Thursday, August 12th. National Bank Financial boosted their target price on Intertape Polymer Group to C$40.00 and gave the stock an “outperform” rating in a report on Thursday, August 12th. Scotiabank boosted their target price on Intertape Polymer Group from C$39.00 to C$40.00 in a report on Monday, July 5th. CIBC boosted their target price on Intertape Polymer Group to C$40.00 in a report on Thursday, August 12th. Finally, TD Securities boosted their target price on Intertape Polymer Group from C$38.00 to C$40.00 and gave the stock a “na” rating in a report on Monday, August 16th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$39.72.
About Intertape Polymer Group
Intertape Polymer Group Inc, together with its subsidiaries, provides packaging and protective solutions for the industrial markets in North America, Europe, and internationally. The company offers pressure-sensitive and water-activated tapes; packaging equipment; industrial and performance specialty tapes, such as masking, duct, electrical, foil, process indicator, sheathing, sports, and reinforced filament tapes; protective packaging solutions, including inflatable systems, mailer products, bubble cushioning, paper void fills, thermal solutions, and protective foam roll stocks; stencil products; shrink films; stretch and lumber wraps; structure and geomembrane fabrics; non-manufactured flexible intermediate bulk containers; polyethylene and specialized polyolefin films; and engineered coated products for industrial and retail use.
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