IPL Plastics (IPLP) Price Target Raised to C$15.00 at CIBC

IPL Plastics (TSE:IPLP) had its target price hoisted by CIBC from C$14.00 to C$15.00 in a report released on Monday morning.

Several other research firms also recently issued reports on IPLP. National Bank Financial upped their price objective on IPL Plastics from C$13.00 to C$14.00 and gave the stock an outperform rating in a report on Tuesday, February 5th. Desjardins reiterated a buy rating and set a C$14.00 target price on shares of IPL Plastics in a research report on Monday, December 10th.

TSE:IPLP opened at C$11.17 on Monday. IPL Plastics has a 52-week low of C$8.06 and a 52-week high of C$13.50. The company has a debt-to-equity ratio of 74.58, a quick ratio of 1.27 and a current ratio of 2.10. The firm has a market cap of $581.17 million and a price-to-earnings ratio of 286.41.

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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