Intertape Polymer Group (TSE:ITP) had its target price boosted by Scotiabank from C$26.00 to C$27.00 in a research note issued to investors on Tuesday morning. Scotiabank currently has an outperform rating on the stock.

ITP has been the topic of a number of other reports. Royal Bank Of Canada dropped their target price on shares of Intertape Polymer Group from C$29.00 to C$27.00 and set an outperform rating on the stock in a research report on Monday, August 14th. TD Securities dropped 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.

Intertape Polymer Group (ITP) traded down C$0.14 during midday trading on Tuesday, hitting C$20.19. 128,298 shares of the company were exchanged, compared to its average volume of 189,435. Intertape Polymer Group has a 1 year low of C$17.49 and a 1 year high of C$25.74.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.18 per share. This is an increase from Intertape Polymer Group’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, December 14th. Intertape Polymer Group’s dividend payout ratio (DPR) is presently 51.38%.

In other Intertape Polymer Group news, insider Jeffrey Crystal acquired 9,500 shares of the stock in a transaction on Thursday, September 21st. The shares were bought at an average cost of C$18.54 per share, with a total value of C$176,130.00. Insiders have acquired a total of 16,000 shares of company stock worth $297,576 over the last three months.

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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