Intertape Polymer (TSX: ITP), the Consumer Goods sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Analyst Walter Spracklin from RBC Capital rated Intertape Polymer (TSX: ITP) a Hold, setting a C$20 price target.
According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 21.7% and a 79.7% success rate. Spracklin covers the Services sector, focusing on stocks such as Union Pacific Corp, Norfolk Southern, and CSX Corp.
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The word on The Street in general, suggests a Hold analyst consensus rating for Intertape Polymer with a C$20 average price target.
The company has a one-year high of C$22.84 and a one-year low of C$16.63. Currently, Intertape Polymer has an average volume of 167.2K.
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 Wednesday at C$18.05.
