KP Tissue Inc (KPT) Lifted to “Outperform” at RBC Capital Markets
RBC Capital Markets upgraded shares of KP Tissue Inc (TSE:KPT) from a sector perform rating to an outperform rating in a research note issued to investors on Monday. The brokerage currently has C$17.00 price target on the stock, up from their previous price target of C$15.00.
Other research analysts have also issued reports about the company. Desjardins raised KP Tissue from a hold rating to a buy rating and boosted their price target for the stock from C$13.50 to C$15.00 in a research report on Thursday, August 11th. TD Securities restated a buy rating and set a C$15.00 target price on shares of KP Tissue in a research note on Thursday, August 11th. Scotiabank upgraded KP Tissue from a sector perform rating to an outperform rating and boosted their target price for the stock from C$14.00 to C$16.50 in a research note on Thursday, August 11th. CIBC boosted their target price on KP Tissue from C$16.00 to C$18.00 in a research note on Friday, November 4th. Finally, Royal Bank Of Canada boosted their target price on KP Tissue from C$13.00 to C$15.00 and gave the stock a sector perform rating in a research note on Friday, November 4th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of C$16.21.
KP Tissue (TSE:KPT) opened at 15.55 on Monday. KP Tissue has a 1-year low of $9.70 and a 1-year high of $15.56. The company’s market cap is $141.37 million. The stock has a 50 day moving average price of $14.24 and a 200 day moving average price of $13.41.
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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