Jorge Nelson Quintas Buys 7,500 Shares of Intertape Polymer Group (ITP) Stock
Intertape Polymer Group (TSE:ITP) Director Jorge Nelson Quintas bought 7,500 shares of Intertape Polymer Group stock in a transaction on Friday, December 14th. The stock was purchased at an average price of C$15.88 per share, with a total value of C$119,100.00.
Shares of ITP stock opened at C$15.44 on Friday. Intertape Polymer Group has a fifty-two week low of C$15.31 and a fifty-two week high of C$22.84. The company has a quick ratio of 1.04, a current ratio of 2.44 and a debt-to-equity ratio of 190.17.
Intertape Polymer Group (TSE:ITP) last issued its quarterly earnings results on Thursday, November 8th. The company reported C$0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.29 by C$0.12. The business had revenue of C$364.71 million for the quarter, compared to analysts’ expectations of C$354.82 million. As a group, sell-side analysts expect that Intertape Polymer Group will post 1.16000000560386 earnings per share for the current year.
ITP has been the subject of a number of recent research reports. National Bank Financial reiterated an “outperform” rating and issued a C$23.00 target price on shares of Intertape Polymer Group in a report on Monday, December 3rd. TD Securities reiterated a “buy” rating and issued a C$23.00 target price on shares of Intertape Polymer Group in a report on Monday, December 3rd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$21.67.
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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, woven coated fabrics, and complementary packaging systems for industrial and retail use.
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