Scotiabank reissued their outperform rating on shares of KP Tissue Inc (TSE:KPT) in a research note issued to investors on Thursday. Scotiabank currently has a C$16.50 target price on the stock.

A number of other brokerages have also issued reports on KPT. Desjardins raised shares of KP Tissue from a hold rating to a buy rating and boosted their target price for the stock from C$13.50 to C$15.00 in a research report on Thursday, August 11th. TD Securities lowered shares of KP Tissue from a buy rating to a hold rating and boosted their target price for the stock from C$15.00 to C$16.00 in a research report on Friday, October 21st. CIBC boosted their price target on shares of KP Tissue from C$16.00 to C$18.00 in a report on Friday, November 4th. Finally, Royal Bank Of Canada boosted their price target on shares of KP Tissue from C$13.00 to C$15.00 and gave the company a sector perform rating in a report on Friday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of C$15.75.

KP Tissue (TSE:KPT) opened at 14.35 on Thursday. The firm’s 50-day moving average is $14.21 and its 200 day moving average is $13.38. KP Tissue has a 1-year low of $9.70 and a 1-year high of $14.55. The firm’s market cap is $130.46 million.

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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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