Intertape Polymer Group Stock Is An 52-Week High Flier

 Intertape Polymer Group Stock Is An 52 Week High Flier

The stock of Intertape Polymer Group (TSE:ITP) hit a new 52-week high and has $32.43 target or 34.00% above today’s $24.20 share price. The 9 months bullish chart indicates low risk for the $1.41 billion company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $32.43 price target is reached, the company will be worth $479.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 242,447 shares traded hands or 74.46% up from the average. Intertape Polymer Group (TSE:ITP) has risen 21.49% since April 8, 2016 and is uptrending. It has outperformed by 16.51% the S&P500.

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 -2.19% below today’s ($24.2) stock price. Intertape Polymer Group has been the topic of 10 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the shares of ITP in a report on Friday, August 14 with “Sector Outperform” rating. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, November 18. As per Friday, August 14, the company rating was downgraded by TD Securities. The stock of Intertape Polymer Group (TSE:ITP) has “Focus Stock” rating given on Wednesday, November 2 by Scotia Capital.

More important recent Intertape Polymer Group (TSE:ITP) news were published by: Reuters.com which released: “BRIEF-Intertape Polymer Group reports 2016 third quarter results” on November 11, 2016, also Seekingalpha.com published article titled: “Intertape Polymer Group’s (ITPOF) CEO Greg Yull on Q3 2016 Results – Earnings …”, Bloomberg.com published: “Intertape Polymer Group Targeted by FrontFour, Zelman Capital” on November 10, 2015. More interesting news about Intertape Polymer Group (TSE:ITP) was released by: Seekingalpha.com and their article: “Intertape Polymer Group Is Poised For Growth” with publication date: May 24, 2016.

Intertape Polymer Group Inc. operates in the specialty packaging industry in North America. The company has a market cap of $1.41 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 19.28 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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