Intertape Polymer Group Inc. (OTCMKTS:ITPOF) Receives $34.70 Average Price Target from Analysts


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Intertape Polymer Group Inc. (OTCMKTS:ITPOF) has been given an average recommendation of “Buy” by the six research firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $34.70.

Several research analysts have recently issued reports on the company. Royal Bank of Canada raised their price target on Intertape Polymer Group from $25.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, March 15th. TD Securities raised their price target on Intertape Polymer Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, March 16th. CIBC lifted their target price on Intertape Polymer Group from $30.00 to $35.50 and gave the stock an “outperform” rating in a report on Monday, March 15th. National Bank Financial reiterated an “outperform” rating on shares of Intertape Polymer Group in a report on Monday, March 15th. Finally, Scotiabank lifted their target price on Intertape Polymer Group from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, March 15th.

Shares of OTCMKTS:ITPOF traded down $0.43 during midday trading on Monday, hitting $22.42. The company had a trading volume of 1,215 shares, compared to its average volume of 2,670. Intertape Polymer Group has a 12 month low of $7.20 and a 12 month high of $24.67. The company has a current ratio of 2.07, a quick ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 19.67 and a beta of 1.93. The firm has a fifty day simple moving average of $21.14 and a 200 day simple moving average of $17.43.

Intertape Polymer Group (OTCMKTS:ITPOF) last posted its quarterly earnings results on Thursday, March 11th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. Intertape Polymer Group had a return on equity of 25.19% and a net margin of 5.81%. The business had revenue of $344.08 million for the quarter.

About Intertape Polymer Group

Intertape Polymer Group Inc, together with its subsidiaries, provides packaging and protective solutions in Canada, Germany, the United States, and internationally. Its paper and film based tapes include pressure-sensitive and water-activated carton sealing tapes; industrial and specialty tapes, such as double-coated, duct, electrical and electronic, filament, flatback, foil, paper, polyethylene, process indicator, sheathing, sports, and stencil products; and complementary packaging systems.

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Analyst Recommendations for Intertape Polymer Group (OTCMKTS:ITPOF)

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