Brokerages Set Intertape Polymer Group (OTCMKTS:ITPOF) Price Target at $18.00

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Intertape Polymer Group (OTCMKTS:ITPOF) has been given an average rating of “Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.00.

Several research firms have recently commented on ITPOF. Royal Bank of Canada upped their price target on shares of Intertape Polymer Group from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. BMO Capital Markets upped their price target on Intertape Polymer Group from $15.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Scotiabank increased their target price on Intertape Polymer Group from $17.50 to $20.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. CIBC increased their price target on Intertape Polymer Group from $13.50 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Finally, TD Securities increased their price target on Intertape Polymer Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Monday, August 17th.

Intertape Polymer Group stock traded up $0.52 during mid-day trading on Wednesday, hitting $11.07. 1,000 shares of the company traded hands, compared to its average volume of 6,469. Intertape Polymer Group has a one year low of $4.86 and a one year high of $13.21. The stock has a market cap of $622.56 million, a price-to-earnings ratio of 12.30 and a beta of 1.55. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.13 and a current ratio of 2.38. The stock has a fifty day moving average price of $11.83 and a 200-day moving average price of $9.55.

Intertape Polymer Group (OTCMKTS:ITPOF) last released its quarterly earnings results on Thursday, August 13th. The industrial products company reported $0.16 earnings per share for the quarter. Intertape Polymer Group had a net margin of 4.70% and a return on equity of 20.49%. The business had revenue of $267.77 million for the quarter.

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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