TD Securities Downgrades KP Tissue to Hold (KPT)
Separately, analysts at Scotiabank reiterated an “outperform” rating on shares of KP Tissue in a research note on Thursday, May 29th. They now have a C$19.00 price target on the stock.
KP Tissue (TSE:KPT) opened at 16.70 on Thursday. KP Tissue has a 52-week low of $14.81 and a 52-week high of $17.80. The stock has a 50-day moving average of $16.26 and a 200-day moving average of $16.17. The company’s market cap is $147.4 million.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.34%.
KP Tissue Inc is created to acquire, and its business will be limited to holding, a limited partnership interest in Kruger Products L.
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