TD Forecasts Strong Price Appreciation for KP Tissue (TSE:KPT) Stock

KP Tissue (TSE:KPT) had its target price lifted by equities research analysts at TD from C$11.00 to C$12.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s target price indicates a potential upside of 3.00% from the company’s previous close.

A number of other analysts have also recently weighed in on KPT. National Bank Financial increased their price target on KP Tissue from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Desjardins raised their target price on KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a research report on Friday. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$11.10.

KP Tissue Stock Performance

Shares of KP Tissue stock traded up C$0.06 on Friday, reaching C$11.65. 24,555 shares of the company were exchanged, compared to its average volume of 13,989. The company’s 50-day moving average is C$11.10 and its two-hundred day moving average is C$10.51. The firm has a market cap of C$116.67 million, a price-to-earnings ratio of 13.71, a P/E/G ratio of -0.88 and a beta of 0.47. KP Tissue has a 1-year low of C$8.66 and a 1-year high of C$11.95.

KP Tissue (TSE:KPT) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share for the quarter. As a group, sell-side analysts forecast that KP Tissue will post 0.4398964 earnings per share for the current year.

KP Tissue Company Profile

KP Tissue Inc operates as a holding company. The firm produces, distributes, markets, and sells a range of disposable tissue products in North America. It offers bathroom and facial tissues, paper towels, paper towels, and napkins, as well as disposable wiping products and washroom dispensing systems.