Gregory Yull Sells 105,000 Shares of Intertape Polymer Group (ITP) Stock

Intertape Polymer Group (TSE:ITP) Director Gregory Yull sold 105,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of C$24.61, for a total value of C$2,584,050.00.

Shares of Intertape Polymer Group (ITP) traded up 0.84% during midday trading on Friday, reaching $25.28. The company’s stock had a trading volume of 96,341 shares. Intertape Polymer Group has a 1-year low of $20.06 and a 1-year high of $25.74. The stock has a 50 day moving average of $23.86 and a 200-day moving average of $23.66. The company has a market capitalization of $1.49 billion and a P/E ratio of 27.78.

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A number of equities analysts recently issued reports on ITP shares. TD Securities raised their price target on Intertape Polymer Group from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Scotiabank reissued a “focus stock” rating and set a C$28.50 price target on shares of Intertape Polymer Group in a report on Thursday, May 4th. Finally, Royal Bank Of Canada raised their price target on Intertape Polymer Group from C$28.00 to C$29.00 and gave the stock an “outperform” rating in a report on Tuesday, June 13th.

About Intertape Polymer Group

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.

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