TD Securities Boosts Intertape Polymer Group (OTCMKTS:ITPOF) Price Target to $18.00

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Intertape Polymer Group (OTCMKTS:ITPOF) had its target price hoisted by TD Securities from $16.00 to $18.00 in a research report released on Monday morning, The Fly reports. They currently have a buy rating on the industrial products company’s stock.

Several other analysts also recently issued reports on ITPOF. CIBC boosted their price objective on Intertape Polymer Group from $13.50 to $16.00 and gave the stock a neutral rating in a report on Friday, August 14th. Scotiabank boosted their price objective on Intertape Polymer Group from $17.50 to $20.00 and gave the stock an outperform rating in a report on Friday, August 14th. BMO Capital Markets boosted their price objective on Intertape Polymer Group from $15.00 to $18.00 and gave the stock an outperform rating in a report on Friday, August 14th. Finally, Royal Bank of Canada boosted their price objective on Intertape Polymer Group from $16.00 to $18.00 and gave the stock an outperform rating in a report on Friday, August 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $18.00.

OTCMKTS ITPOF opened at $12.12 on Monday. The stock’s 50-day moving average price is $10.86 and its two-hundred day moving average price is $9.60. The company has a current ratio of 2.38, a quick ratio of 1.13 and a debt-to-equity ratio of 2.05. The company has a market cap of $706.75 million, a PE ratio of 13.47 and a beta of 1.71. Intertape Polymer Group has a 1 year low of $4.86 and a 1 year high of $13.95.

About Intertape Polymer Group

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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Analyst Recommendations for Intertape Polymer Group (OTCMKTS:ITPOF)

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