TD Securities Thinks Intertape Polymer’s Stock is Going to Recover

By Ryan Adsit

Shares of Intertape Polymer (ITPResearch Report) were revisited by a Wall Street analyst on November 28. Analyst Damir Gunja from TD Securities reiterated a Buy rating, with a C$23 price target on November 28.

According to TipRanks.com, Gunja is ranked #2070 out of 5134 analysts.

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Currently, the analyst consensus on Intertape Polymer is a Strong Buy with an average price target of C$24.

Intertape Polymer’s market cap is currently C$993.4M and has a P/E ratio of 12.9. The company has a Price to Book ratio of 3.11.

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 Monday at C$16.89, close to its 52-week low of C$16.42.