IPL Plastics (TSE:IPLP) Downgraded to Sector Perform at Royal Bank of Canada

Royal Bank of Canada lowered shares of IPL Plastics (TSE:IPLP) from an outperform rating to a sector perform rating in a research report sent to investors on Thursday, BayStreet.CA reports. They currently have C$10.00 target price on the stock, up from their prior target price of C$6.00.

Several other research analysts also recently weighed in on IPLP. National Bank Financial dropped their target price on IPL Plastics from C$7.50 to C$6.00 and set a sector perform rating on the stock in a research note on Sunday, May 17th. Scotiabank dropped their target price on IPL Plastics from C$6.75 to C$5.50 in a research note on Sunday, May 17th.

Shares of IPLP stock opened at C$9.96 on Thursday. IPL Plastics has a 1-year low of C$2.83 and a 1-year high of C$10.00. The stock’s fifty day moving average price is C$5.66 and its 200 day moving average price is C$5.99. The company has a debt-to-equity ratio of 110.09, a current ratio of 2.72 and a quick ratio of 1.93. The company has a market cap of $541.65 million and a price-to-earnings ratio of 38.31.

About IPL Plastics

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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