Intertape Polymer (TSX: ITP), the Consumer Goods sector company was revisited on August 14, and remains undervalued for at least one analyst on the street. On August 14, analyst Ben Jekic gave a Buy rating to ITP and set a C$26 price target.
Jekic has an average return of 2.6% when recommending Intertape Polymer.
According to TipRanks.com, Jekic is ranked #1382 out of 4847 analysts.
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Currently, the analyst consensus on Intertape Polymer is a Moderate Buy with an average price target of C$23.
Based on Intertape Polymer’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$19.55 million. In comparison, last year the company had a net profit of C$13.71 million.
Intertape Polymer Group, Inc. engages in the provision of packaging and protective solutions for industrial markets. It also develops, manufactures, and sells 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. Its products include carton sealing tapes, industrial and performance specialty tapes, stencil, shrink film, stretch wrap, lumber wrap, structure and geomembrane fabrics, and non-manufactured flexible intermediate bulk containers. The company was founded by Melbourne F. Yull in 1981 and is headquartered in Montreal, Canada.
The company’s shares closed on Friday at C$18.49.
