IPL Plastics’ (IPLP) “Outperform” Rating Reiterated at BMO Capital Markets
A number of other research firms also recently weighed in on IPLP. CIBC upped their price target on IPL Plastics from C$14.00 to C$15.00 in a research note on Monday. National Bank Financial increased their price target on IPL Plastics from C$13.00 to C$14.00 and gave the company an outperform rating in a research report on Tuesday, February 5th. Finally, Desjardins reissued a buy rating and set a C$14.00 price objective on shares of IPL Plastics in a report on Monday, December 10th.
TSE IPLP opened at C$11.22 on Wednesday. IPL Plastics has a 12 month low of C$8.06 and a 12 month high of C$13.50. The company has a debt-to-equity ratio of 74.58, a quick ratio of 1.27 and a current ratio of 2.10. The stock has a market capitalization of $598.31 million and a price-to-earnings ratio of 287.69.
IPL Plastics Inc focuses on operating as a holding company for IPL Plastics plc that provides various packaging solutions primarily in the United States, the United Kingdom, and Canada. It operates through three segments: Consumer Packaging Solutions (CPS), Large Format Packaging and Environmental Solutions (LF&E), and Returnable Packaging Solutions (RPS).
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