Intertape Polymer Group (TSE:ITP) Director Melbourne F. Yull sold 10,400 shares of the business’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of C$20.79, for a total transaction of C$216,216.00.
Intertape Polymer Group stock opened at C$20.35 on Friday. The firm has a market cap of $1,270.00, a price-to-earnings ratio of 12.64 and a beta of 0.76. Intertape Polymer Group has a fifty-two week low of C$17.49 and a fifty-two week high of C$25.41.
Intertape Polymer Group (TSE:ITP) last issued its earnings results on Thursday, March 8th. The company reported C$0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.30 by C($0.05). The firm had revenue of C$301.52 million for the quarter, compared to analyst estimates of C$301.80 million. Intertape Polymer Group had a return on equity of 32.31% and a net margin of 7.92%.
Separately, Royal Bank of Canada boosted their target price on shares of Intertape Polymer Group from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Friday, March 9th.
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About Intertape Polymer Group
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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