Intertape Polymer Group (ITP) Director Buys C$20,000.00 in Stock

Intertape Polymer Group (TSE:ITP) Director James Pantelidis bought 1,000 shares of Intertape Polymer Group stock in a transaction dated Thursday, August 17th. The stock was purchased at an average cost of C$20.00 per share, for a total transaction of C$20,000.00.

Shares of Intertape Polymer Group (ITP) traded down 1.58% during trading on Tuesday, reaching $19.27. 170,325 shares of the company were exchanged. The firm has a 50-day moving average price of $21.99 and a 200-day moving average price of $23.15. Intertape Polymer Group has a 1-year low of $19.01 and a 1-year high of $25.74. The stock has a market capitalization of $1.14 billion and a P/E ratio of 22.15.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, September 14th. This is a boost from Intertape Polymer Group’s previous quarterly dividend of $0.12.

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Several research analysts recently commented on ITP shares. TD Securities boosted their target price on Intertape Polymer Group from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Scotiabank downgraded shares of Intertape Polymer Group from a “focus stock” rating to an “outperform” rating and decreased their price target for the company from C$29.00 to C$26.00 in a research note on Monday, August 14th. Finally, Royal Bank Of Canada lifted their price target on shares of Intertape Polymer Group from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research note on Tuesday, June 13th.

Intertape Polymer Group Company Profile

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.

Insider Buying and Selling by Quarter for Intertape Polymer Group (TSE:ITP)

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