KP Tissue Inc (KPT) Given Average Rating of “Buy” by Brokerages
Shares of KP Tissue Inc (TSE:KPT) have received an average rating of “Buy” from the six research firms that are covering the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$14.92.
KPT has been the subject of several research reports. Scotiabank raised KP Tissue from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$14.00 to C$16.50 in a research note on Thursday, August 11th. Desjardins raised KP Tissue from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$13.50 to C$15.00 in a research note on Thursday, August 11th. TD Securities reissued a “buy” rating and set a C$15.00 price objective on shares of KP Tissue in a research note on Thursday, August 11th. Finally, CIBC increased their target price on KP Tissue from C$15.00 to C$16.00 in a report on Friday, August 12th.
KP Tissue (TSE:KPT) traded up 0.49% during midday trading on Tuesday, reaching $14.34. The company’s stock had a trading volume of 2,992 shares. The firm’s market capitalization is $129.89 million. KP Tissue has a 12 month low of $9.70 and a 12 month high of $14.50. The stock’s 50-day moving average price is $13.99 and its 200-day moving average price is $13.11.
About KP Tissue
KP Tissue Inc is created to acquire, and its business is limited to holding, a limited partnership interest in Kruger Products L.P. (KPLP). KPLP is a tissue products supplier, which produces, distributes, markets and sells bathroom tissue, facial tissue, paper towels and napkins, for both the Consumer and the Away-From-Home (AFH) markets.
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