Scotiabank Raises Intertape Polymer Group (ITP) Price Target to C$27.00
Intertape Polymer Group (TSE:ITP) had its price objective increased by Scotiabank from C$26.00 to C$27.00 in a research note published on Tuesday. Scotiabank currently has an outperform rating on the stock.
A number of other analysts have also recently weighed in on ITP. Royal Bank Of Canada decreased their target price on shares of Intertape Polymer Group from C$29.00 to C$27.00 and set an outperform rating on the stock in a research note on Monday, August 14th. TD Securities decreased their target price on shares of Intertape Polymer Group from C$28.00 to C$26.00 in a research note on Monday, August 14th.
Intertape Polymer Group (TSE ITP) opened at C$20.60 on Tuesday. Intertape Polymer Group has a one year low of C$17.49 and a one year high of C$25.74.
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The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Intertape Polymer Group’s previous quarterly dividend of $0.14. Intertape Polymer Group’s payout ratio is presently 40.58%.
In related news, insider Jeffrey Crystal bought 1,800 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were purchased at an average price of C$18.02 per share, with a total value of C$32,436.00. In the last ninety days, insiders have acquired 15,000 shares of company stock worth $277,576.
Intertape Polymer Group Company Profile
Intertape Polymer Group Inc operates in the specialty packaging industry. The Company develops, manufactures and sells a range of paper and film-based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin packaging films, woven coated fabrics and complementary packaging systems for industrial and retail use.
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