Intertape Polymer Group (TSE:ITP) insider Shawn Nelson sold 23,512 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of C$22.51, for a total transaction of C$529,255.12.

Shares of Intertape Polymer Group (TSE:ITP) opened at 21.94 on Tuesday. Intertape Polymer Group has a 12 month low of $18.02 and a 12 month high of $25.74. The company has a market cap of $1.30 billion and a PE ratio of 25.81. The stock has a 50 day moving average of $23.13 and a 200-day moving average of $23.43.

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A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a C$28.00 target price on shares of Intertape Polymer Group in a research report on Wednesday, March 8th. Scotiabank reissued a “focus stock” rating and issued a C$28.00 target price on shares of Intertape Polymer Group in a research report on Monday, March 6th. Finally, TD Securities reduced their target price on shares of Intertape Polymer Group from C$29.00 to C$27.00 and set a “buy” rating for the company in a research report on Friday, March 10th.

Intertape Polymer Group Company Profile

Intertape Polymer Group Inc is a Canada-based company, which operates in the specialty packaging industry in North America. It 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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