Insider Buying: Intertape Polymer Group (ITP) Insider Purchases C$176,130.00 in Stock
Intertape Polymer Group (TSE:ITP) insider Jeffrey Crystal bought 9,500 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were purchased at an average cost of C$18.54 per share, with a total value of C$176,130.00.
Jeffrey Crystal also recently made the following trade(s):
- On Friday, September 22nd, Jeffrey Crystal bought 3,200 shares of Intertape Polymer Group stock. The shares were purchased at an average cost of C$18.50 per share, with a total value of C$59,200.00.
Intertape Polymer Group (TSE ITP) opened at 18.23 on Thursday. The stock’s 50 day moving average is $20.22 and its 200-day moving average is $22.87. Intertape Polymer Group has a 12 month low of $18.22 and a 12 month high of $25.74. The firm has a market cap of $1.08 billion and a price-to-earnings ratio of 20.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Thursday, September 14th. This is an increase from Intertape Polymer Group’s previous quarterly dividend of $0.12.
A number of research analysts have weighed in on ITP shares. Royal Bank Of Canada boosted their target price on shares of Intertape Polymer Group from C$28.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 13th. Scotiabank lowered shares of Intertape Polymer Group from a “focus stock” rating to an “outperform” rating and cut their target price for the stock from C$29.00 to C$26.00 in a research report on Monday, August 14th. Finally, TD Securities cut their target price on shares of Intertape Polymer Group from C$28.00 to C$26.00 in a research report on Monday, August 14th.
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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