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.

TRADEMARK VIOLATION NOTICE: This story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at

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.

Receive News & Stock Ratings for Intertape Polymer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intertape Polymer Group and related stocks with our FREE daily email newsletter.