RBC Capital Markets covered Intertape Polymer Group Inc. (TSE:ITP), stepping up its target price to $29.00 today

Yesterday Intertape Polymer Group Inc. (TSE:ITP) traded 0.55% higher at $24.36. The company’s 50-day moving average is $20.22 and its 200-day moving average is $22.87. The last stock close price is up -20.43% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 268,740 shares of the stock were exchanged, up from an average trading volume of 212,871

Intertape Polymer Group Inc. (TSE:ITP) had its target bumped up to $29.00 by RBC Capital Markets in an issued report announced 6/13/2017. The updated stock price target implies a possible upside of 0.19% based on the company’s last stock close price.

Previously on 03/10/2017, Scotia Capital reported about Intertape Polymer Group Inc. (TSE:ITP) raised the target price from $28.00 to $28.50. At the time, this indicated a possible upside of 0.23%.

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Intertape Polymer Group Inc. has a 52 week low of $17.98 and a 52 week high of $25.74 with a P/E ratio of 16.13 The company’s market cap is currently $0.

Also covering Intertape Polymer Group Inc.’s price target, a total of 6 analysts have released a research note on Intertape Polymer Group Inc.. The 12-month price target is $19.63 with 1 broker rating the stock a strong buy, 5 brokerages rating the company a buy, zero brokerages rating the stock a hold, 0 firms rating the stock a underperform, and finally zero equity analysts rating the company a sell.

More About Intertape Polymer Group Inc. (TSE:ITP)

Intertape Polymer Group Inc. operates in the specialty packaging industry. The Company develops, manufactures and sells a range of paper and film-based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin packaging films, woven coated fabrics and complementary packaging systems for industrial and retail use. It operates in the United States, Canada and other countries. The Company’s products primarily consist of carton sealing tapes, including pressure sensitive and water-activated tapes; industrial and performance specialty tapes, including masking, duct, electrical and reinforced filament tapes; shrink film; stretch wrap; lumberwrap, structure fabrics and geomembrane fabrics, and non-manufactured flexible intermediate bulk containers. Its subsidiaries include Intertape Polymer Corp., IPG (US) Holdings Inc., IPG (US) Inc., Intertape Polymer Inc., FIBOPE Portuguesa-Filmes Biorientados, S.A. and Intertape Polymer Europe GmbH.

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