Royal Bank of Canada Cuts KP Tissue (KPT) Price Target to C$10.00
KP Tissue (TSE:KPT) had its price target cut by Royal Bank of Canada from C$11.00 to C$10.00 in a research note issued to investors on Friday morning. They currently have an outperform rating on the stock.
Other equities research analysts have also issued reports about the stock. Desjardins decreased their target price on shares of KP Tissue from C$11.00 to C$10.00 in a research report on Monday, November 5th. TD Securities decreased their target price on shares of KP Tissue from C$11.50 to C$11.00 in a research report on Friday, August 10th. CIBC lowered shares of KP Tissue from an outperform rating to a neutral rating and set a C$10.00 target price on the stock. in a research report on Thursday, July 12th. Finally, National Bank Financial decreased their price objective 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 report on Tuesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. KP Tissue currently has a consensus rating of Hold and a consensus target price of C$9.58.
Shares of TSE KPT traded up C$0.18 during trading on Friday, hitting C$7.54. 19,100 shares of the company were exchanged, compared to its average volume of 17,128. KP Tissue has a 1 year low of C$6.58 and a 1 year high of C$14.44.
In other KP Tissue news, insider Ii Joseph Kruger acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were acquired at an average cost of C$9.88 per share, for a total transaction of C$29,640.00. Insiders purchased a total of 5,700 shares of company stock worth $56,565 over the last quarter.
KP Tissue Company Profile
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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