IPL Plastics (TSE:IPLP) Cut to “Tender” at National Bank Financial
National Bank Financial lowered shares of IPL Plastics (TSE:IPLP) from a sector perform rating to a tender rating in a research report sent to investors on Thursday morning, BayStreet.CA reports. The brokerage currently has C$10.00 price objective on the stock, up from their previous price objective of C$6.00.
IPLP has been the subject of several other research reports. Scotiabank raised their price objective on shares of IPL Plastics from C$5.50 to C$10.00 in a research report on Thursday. CIBC raised their price objective on shares of IPL Plastics from C$5.00 to C$10.00 in a research report on Thursday. Finally, Royal Bank of Canada downgraded shares of IPL Plastics from an outperform rating to a sector perform rating and raised their price objective for the stock from C$6.00 to C$10.00 in a research report on Thursday.
TSE:IPLP opened at C$9.96 on Thursday. The company has a market capitalization of $541.65 million and a PE ratio of 38.31. IPL Plastics has a fifty-two week low of C$2.83 and a fifty-two week high of C$10.00. The company has a debt-to-equity ratio of 110.09, a quick ratio of 1.93 and a current ratio of 2.72. The company has a 50 day simple moving average of C$5.66 and a two-hundred day simple moving average of C$5.99.
IPL Plastics Inc, through its subsidiaries, provides various packaging solutions primarily in the United States, the United Kingdom, and Canada. It operates through three segments: Large Format Packaging and Environmental Solutions (LF&E), Consumer Packaging Solutions (CPS), and Returnable Packaging Solutions (RPS).
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