IPL Plastics (TSE:IPLP) Price Target Raised to C$10.00

IPL Plastics (TSE:IPLP) had its price target raised by Scotiabank from C$5.50 to C$10.00 in a research note published on Thursday morning, BayStreet.CA reports.

Several other equities analysts have also issued reports on IPLP. National Bank Financial dropped their price objective on IPL Plastics from C$7.50 to C$6.00 and set a sector perform rating on the stock in a report on Sunday, May 17th. Royal Bank of Canada lowered IPL Plastics from an outperform rating to a sector perform rating and raised their price target for the stock from C$6.00 to C$10.00 in a report on Thursday.

Shares of IPLP stock opened at C$9.96 on Thursday. The stock’s 50-day moving average is C$5.66 and its two-hundred day moving average is C$5.99. The firm has a market cap of $541.65 million and a price-to-earnings ratio of 38.31. IPL Plastics has a 1 year low of C$2.83 and a 1 year 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.

IPL Plastics Company Profile

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).

Further Reading: What does the Producer Price Index (PPI) tell investors?

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