IPL Plastics (IPLP) Given New C$14.00 Price Target at National Bank Financial

IPL Plastics (TSE:IPLP) had its price target lifted by research analysts at National Bank Financial from C$13.00 to C$14.00 in a research report issued to clients and investors on Tuesday, February 5th. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 29.51% from the stock’s current price.

Separately, Desjardins restated a “buy” rating and issued a C$14.00 price objective on shares of IPL Plastics in a research report on Monday, December 10th.

Shares of IPLP stock traded up C$0.16 during mid-day trading on Tuesday, hitting C$10.81. 165,200 shares of the stock were exchanged, compared to its average volume of 43,616. The firm has a market cap of $579.02 million and a price-to-earnings ratio of 277.18. IPL Plastics has a 12-month low of C$8.06 and a 12-month high of C$13.50. The company has a debt-to-equity ratio of 78.72, a quick ratio of 1.50 and a current ratio of 2.27.

IPL Plastics Company Profile

IPL Plastics Inc focuses on operating as a holding company for IPL Plastics plc that provides various packaging solutions primarily in the United States, the United Kingdom, and Canada. It operates through three segments: Consumer Packaging Solutions (CPS), Large Format Packaging and Environmental Solutions (LF&E), and Returnable Packaging Solutions (RPS).

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