Intertape Polymer Group (TSE:ITP) – Cormark cut their FY2017 earnings estimates for Intertape Polymer Group in a research report issued on Monday. Cormark analyst G. Fairweather now forecasts that the brokerage will post earnings of $1.40 per share for the year, down from their prior forecast of $1.43.

Several other analysts have also commented on the stock. Scotiabank increased their price target on shares of Intertape Polymer Group from C$26.00 to C$28.00 and gave the company a “focus stock” rating in a research report on Monday. TD Securities raised their target price on shares of Intertape Polymer Group from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday. RBC Capital Markets raised their target price on shares of Intertape Polymer Group from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 6th. Finally, Royal Bank Of Canada raised their target price on shares of Intertape Polymer Group from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 6th.

Intertape Polymer Group (TSE:ITP) opened at 24.30 on Tuesday. The firm has a market cap of $1.42 billion and a P/E ratio of 26.07. The firm has a 50 day moving average of $22.78 and a 200 day moving average of $21.40. Intertape Polymer Group has a 1-year low of $15.46 and a 1-year high of $24.84.

Intertape Polymer Group Company Profile

Intertape Polymer Group Inc operates in the specialty packaging industry in North America. 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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