IPL Plastics (TSE:IPLP) Price Target Raised to C$10.00

IPL Plastics (TSE:IPLP) had its target price upped by Scotiabank from C$5.50 to C$10.00 in a research report report published on Thursday, BayStreet.CA reports.

Several other analysts have also recently commented on IPLP. Royal Bank of Canada cut shares of IPL Plastics from an outperform rating to a sector perform rating and lifted their target price for the stock from C$6.00 to C$10.00 in a research note on Thursday. National Bank Financial lowered their price objective on shares of IPL Plastics from C$7.50 to C$6.00 and set a sector perform rating for the company in a research note on Sunday, May 17th.

IPLP stock opened at C$9.96 on Thursday. The stock has a market capitalization of $541.65 million and a P/E ratio of 38.31. The company has a debt-to-equity ratio of 110.09, a quick ratio of 1.93 and a current ratio of 2.72. IPL Plastics has a one year low of C$2.83 and a one year high of C$10.00. The company has a 50 day moving average price of C$5.66 and a two-hundred day moving average price of C$5.99.

IPL Plastics Company Profile

IPL Plastics Inc, through its subsidiaries, provides various packaging solutions primarily in the United States, the United Kingdom, and Canada. It operates through three segments: Large Format Packaging and Environmental Solutions (LF&E), Consumer Packaging Solutions (CPS), and Returnable Packaging Solutions (RPS).

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