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

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

The stock of Intertape Polymer Group (TSE:ITP) is a huge mover today! About 39,142 shares traded hands. Intertape Polymer Group (TSE:ITP) has risen 23.83% since April 27, 2016 and is uptrending. It has outperformed by 17.91% the S&P500.
The move comes after 5 months positive chart setup for the $1.52 billion company. It was reported on Dec, 1 by Barchart.com. We have $26.25 PT which if reached, will make TSE:ITP worth $60.80M 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 -6.22% below today’s ($25.24) stock price. Intertape Polymer Group has been the topic of 10 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was maintained by Scotia Capital with “Focus Stock” on Wednesday, November 2. Scotia Capital maintained Intertape Polymer Group (TSE:ITP) on Friday, August 14 with “Sector Outperform” rating. The firm has “Outperform” rating given on Wednesday, November 18 by RBC Capital Markets. The stock of Intertape Polymer Group (TSE:ITP) has “Buy” rating given on Friday, August 14 by TD Securities.

More important 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 article titled: “Intertape Polymer Group Is Poised For Growth”, Seekingalpha.com published: “Intertape Polymer Group: Trying To Get Out Of The Funk” on August 12, 2016. More interesting news about Intertape Polymer Group (TSE:ITP) was released by: Marketwatch.com and their article: “Intertape Polymer Group Inc.” with publication date: May 06, 2011.

Intertape Polymer Group Inc. operates in the specialty packaging industry in North America. The company has a market cap of $1.52 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 24.32 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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