KP Tissue Inc (KPT) Receives Average Rating of “Hold” from Brokerages

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KP Tissue Inc (TSE:KPT) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$9.58.

A number of brokerages recently weighed in on KPT. TD Securities lowered their target price on shares of KP Tissue from C$9.50 to C$8.50 and set a “hold” rating on the stock in a research note on Friday, November 9th. Desjardins lowered their target price on shares of KP Tissue from C$11.00 to C$10.00 in a research note on Monday, November 5th. Royal Bank of Canada lowered their target price on shares of KP Tissue from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Friday, November 9th. Finally, National Bank Financial lowered their target price on shares of KP Tissue from C$9.50 to C$7.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 23rd.

Shares of KPT stock traded up C$0.23 during trading hours on Friday, reaching C$8.50. The stock had a trading volume of 17,700 shares, compared to its average volume of 12,564. KP Tissue has a 12 month low of C$6.58 and a 12 month high of C$14.05.

KP Tissue (TSE:KPT) last released its quarterly earnings data on Thursday, November 8th. The company reported C($0.09) EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.19). Equities research analysts predict that KP Tissue will post 0.470000014417178 EPS for the current year.

In related news, Director Gene Henry Kruger bought 4,500 shares of the stock in a transaction that occurred on Thursday, November 22nd. The shares were acquired at an average cost of C$8.51 per share, with a total value of C$38,295.00.

About KP Tissue

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in North America. The company operates through three segments: Consumer Products, Away-From-Home, and Other. It offers bathroom and facial tissues, paper towels, and paper towels and napkins, as well as disposable wiping products and washroom dispensing systems.

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Analyst Recommendations for KP Tissue (TSE:KPT)

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