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.
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