KP Tissue (KPT) Reaches New 12-Month Low at $11.75

KP Tissue Inc (TSE:KPT) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$11.75 and last traded at C$11.75, with a volume of 6625 shares. The stock had previously closed at C$11.90.

A number of equities analysts recently commented on the stock. CIBC decreased their price objective on shares of KP Tissue from C$16.00 to C$14.00 in a research note on Friday, March 9th. Desjardins decreased their price objective on shares of KP Tissue from C$17.50 to C$15.00 in a research note on Friday, March 9th. National Bank Financial decreased their price objective on shares of KP Tissue from C$15.50 to C$12.50 and set a “sector perform” rating for the company in a research note on Friday, March 9th. Scotiabank decreased their price objective on shares of KP Tissue from C$17.50 to C$15.00 and set an “outperform” rating for the company in a research note on Friday, March 9th. Finally, Royal Bank of Canada decreased their price objective on shares of KP Tissue from C$16.00 to C$14.00 and set an “outperform” rating for the company in a research note on Friday, March 9th.

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The firm has a market capitalization of $109.90, a P/E ratio of -19.92 and a beta of 0.63.

KP Tissue (TSE:KPT) last issued its earnings results on Thursday, March 8th. The company reported C($0.46) earnings per share (EPS) for the quarter.

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KP Tissue Company Profile

KP Tissue Inc is a Canada-based company, 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 and facial tissue, paper towels and napkins, for both the Consumer and the Away-From-Home (AFH) markets.

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