KP Tissue Inc (KPT) Rating Increased to Outperform at Royal Bank Of Canada
KP Tissue Inc (TSE:KPT) was upgraded by equities research analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a C$17.00 price objective on the stock, up from their prior price objective of C$15.00. Royal Bank Of Canada’s price objective would suggest a potential upside of 12.66% from the company’s current price.
KPT has been the topic of a number of other research reports. Scotiabank upgraded KP Tissue from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$14.00 to C$16.50 in a research report on Thursday, August 11th. CIBC lifted their target price on KP Tissue from C$15.00 to C$16.00 in a research report on Friday, August 12th. TD Securities reiterated a “buy” rating and set a C$15.00 target price on shares of KP Tissue in a research report on Thursday, August 11th. Finally, Desjardins upgraded KP Tissue from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$13.50 to C$15.00 in a research report on Thursday, August 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. KP Tissue currently has an average rating of “Buy” and an average target price of C$16.21.
KP Tissue (TSE:KPT) opened at 15.09 on Monday. The stock’s market cap is $137.18 million. KP Tissue has a 12 month low of $9.70 and a 12 month high of $15.10. The firm’s 50-day moving average price is $14.24 and its 200-day moving average price is $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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