Shares of Intertape Polymer Group (OTCMKTS:ITPOF) have received a consensus recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $12.80.
Several equities research analysts have issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Intertape Polymer Group from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. CIBC lifted their target price on shares of Intertape Polymer Group from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. ValuEngine cut shares of Intertape Polymer Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Scotiabank lowered their target price on shares of Intertape Polymer Group from $17.00 to $16.50 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Finally, TD Securities lowered their price target on shares of Intertape Polymer Group from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th.
ITPOF stock traded up $0.23 during trading on Monday, hitting $8.71. The company had a trading volume of 334 shares, compared to its average volume of 3,034. The firm has a market capitalization of $508.99 million, a P/E ratio of 8.80 and a beta of 1.58. Intertape Polymer Group has a 52-week low of $4.86 and a 52-week high of $14.58. The company has a 50 day simple moving average of $8.91 and a 200-day simple moving average of $10.35. The company has a quick ratio of 1.19, a current ratio of 2.47 and a debt-to-equity ratio of 2.19.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.147 per share. The ex-dividend date is Friday, June 12th. This represents a $0.59 annualized dividend and a dividend yield of 6.75%.
About Intertape Polymer Group
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, woven coated fabrics, and complementary packaging systems for industrial and retail use.
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