Laurentian Cuts IPL Plastics (TSE:IPLP) Price Target to C$17.00

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IPL Plastics (TSE:IPLP) had its price target trimmed by Laurentian from C$17.25 to C$17.00 in a research note released on Thursday, BayStreet.CA reports.

TSE:IPLP opened at C$9.35 on Thursday. IPL Plastics has a one year low of C$7.97 and a one year high of C$13.41. The company has a debt-to-equity ratio of 109.25, a quick ratio of 1.34 and a current ratio of 2.11. The firm has a market cap of $500.82 million and a price-to-earnings ratio of 333.93. The firm’s fifty day moving average is C$8.89 and its two-hundred day moving average is C$10.00.

About IPL Plastics

IPL Plastics Inc, through its subsidiaries, provides various packaging solutions primarily in the United States, the United Kingdom, and Canada. It operates through three segments: Large Format Packaging and Environmental Solutions (LF&E), Consumer Packaging Solutions (CPS), and Returnable Packaging Solutions (RPS).

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