IPL Plastics Inc (TSE:IPLP) traded up 1.9% during trading on Monday . The stock traded as high as C$5.25 and last traded at C$5.25, 25,043 shares changed hands during trading. A decline of 61% from the average session volume of 63,741 shares. The stock had previously closed at C$5.15.

A number of brokerages have recently weighed in on IPLP. National Bank Financial lowered their target price on IPL Plastics from C$7.50 to C$6.00 and set a “sector perform” rating on the stock in a research report on Sunday, May 17th. CIBC lowered their price objective on shares of IPL Plastics from C$8.00 to C$5.00 in a report on Tuesday, March 31st. Royal Bank of Canada dropped their price objective on shares of IPL Plastics from C$10.00 to C$5.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Finally, Scotiabank decreased their target price on shares of IPL Plastics from C$6.75 to C$5.50 in a research report on Sunday, May 17th.

The stock has a market capitalization of $280.07 million and a P/E ratio of 20.19. The firm’s 50 day moving average price is C$4.84 and its 200 day moving average price is C$6.30. The company has a debt-to-equity ratio of 110.09, a current ratio of 2.72 and a quick ratio of 1.93.

IPL Plastics Company Profile (TSE:IPLP)

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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