Intertape Polymer Group Declines Again; Strong Momentum for Sellers


The stock of Intertape Polymer Group (TSE:ITP) is a huge mover today! The stock decreased 4.31% or $0.99 on September 13, hitting $22. About 204,223 shares traded hands or 57.68% up from the average. Intertape Polymer Group (TSE:ITP) has risen 41.13% since February 5, 2016 and is uptrending. It has outperformed by 24.64% the S&P500.
The move comes after 8 months negative chart setup for the $1.30B company. It was reported on Sep, 14 by We have $20.46 PT which if reached, will make TSE:ITP worth $91.00M less.

Out of 3 analysts covering Intertape Polymer Group (TSE:ITP), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $24 is the highest target while $21 is the lowest. The $23 average target is 4.55% above today’s ($22) stock price. Intertape Polymer Group has been the topic of 6 analyst reports since November 13, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on November 18 with “Outperform” rating.

Intertape Polymer Group Inc. operates in the specialty packaging industry in North America. The company has a market cap of $1.30 billion. The Firm develops, makes and sells a range of paper and film 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 has a 18.2 P/E ratio. The Company’s products 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.

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