TD Securities Lowers KP Tissue (TSE:KPT) Price Target to C$9.50

KP Tissue (TSE:KPT) had its price objective dropped by analysts at TD Securities from C$10.00 to C$9.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 11.50% from the company’s current price.

KPT has been the subject of a number of other reports. National Bankshares reduced their price target on shares of KP Tissue from C$9.50 to C$9.00 in a research report on Friday. CIBC lowered their target price on shares of KP Tissue from C$11.00 to C$10.00 and set a “neutral” rating on the stock in a research report on Friday, January 12th.

KP Tissue Stock Performance

KPT stock traded up C$0.05 during mid-day trading on Friday, reaching C$8.52. The company had a trading volume of 7,025 shares, compared to its average volume of 16,323. The firm has a fifty day simple moving average of C$8.71 and a 200 day simple moving average of C$9.34. KP Tissue has a fifty-two week low of C$8.20 and a fifty-two week high of C$10.84. The company has a market capitalization of C$84.86 million, a price-to-earnings ratio of -10.78, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37.

KP Tissue Company Profile

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.