What’s Ahead for Intertape Polymer Group After Today’s Huge Increase?

 What's Ahead for Intertape Polymer Group After Today's Huge Increase?

The stock of Intertape Polymer Group (TSE:ITP) is a huge mover today! About 54,166 shares traded hands. Intertape Polymer Group (TSE:ITP) has risen 21.17% since March 31, 2016 and is uptrending. It has outperformed by 20.08% the S&P500.
The move comes after 9 months positive chart setup for the $1.34B company. It was reported on Nov, 4 by Barchart.com. We have $31.54 PT which if reached, will make TSE:ITP worth $522.60 million more.

Intertape Polymer Group (TSE:ITP) Ratings Coverage

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. $26 is the highest target while $19 is the lowest. The $23.67 average target is 4.32% above today’s ($22.69) stock price. Intertape Polymer Group has been the topic of 10 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, August 14 by TD Securities. The stock of Intertape Polymer Group (TSE:ITP) has “Outperform” rating given on Wednesday, November 18 by RBC Capital Markets. The stock has “Sector Outperform” rating given by Scotia Capital on Friday, August 14. The firm has “Focus Stock” rating by Scotia Capital given on Wednesday, November 2.

More recent Intertape Polymer Group (TSE:ITP) news were published by: Bloomberg.com which released: “Intertape Polymer Group Targeted by FrontFour, Zelman Capital” on November 10, 2015. Also Seekingalpha.com published the news titled: “Intertape Polymer Group Is Poised For Growth” on May 24, 2016. Marketwatch.com‘s news article titled: “Intertape Polymer Group Inc.” with publication date: May 06, 2011 was also an interesting one.

Intertape Polymer Group Inc. operates in the specialty packaging industry in North America. The company has a market cap of $1.34 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 18.28 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.

ITP.TO Company Profile

Intertape Polymer Group Inc., incorporated on August 31, 1993, operates in the specialty packaging industry in North America. 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 operates in the United States, Canada and other countries.

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