KP Tissue (TSE:KPT) target price raised to $17.00, issued a report today by RBC Capital Markets
- Updated: November 28, 2016
Yesterday KP Tissue (TSE:KPT) traded 1.59% higher at $14.76. The company’s 50-day moving average is $14.22 and its 200-day moving average is $13.39. The last stock close price is up 10.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 7,021 shares of the stock were exchanged, down from an average trading volume of 8,961
KP Tissue (TSE:KPT) had its target price raised to $17.00 by RBC Capital Markets in a report released 11/28/2016. The new target price indicates a possible upside of 0.15% based on the company's last stock close price.
Previously on 11/24/2016, Scotia Capital reported about KP Tissue (TSE:KPT) raised the target price from $0.00 to $16.50. At the time, this indicated a possible upside of 0.14%.
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KP Tissue has a 52 week low of $9.70 and a 52 week high of $14.84 The company’s market cap is currently $0.
In addition to RBC Capital Markets reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $12.10 with 0 firms rating the stock a strong buy, 4 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
Brief Synopsis On KP Tissue (TSE:KPT)
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. KPLP operates through three segments: consumer products sold through traditional retail channels, such as grocery stores, mass merchandisers, club stores, drug stores and convenience stores (Consumer); AFH, and Other. The Consumer segment consists of brands, such as Cashmere, Purex, Scotties, SpongeTowels, White Cloud and White Swan. AFH sells commercial tissue products through distributors to businesses involved in property management, healthcare, food service, manufacturing and lodging, and to other public facilities. The Other segment includes sale of parent rolls to tissue manufacturing companies, as well as the sale of recycled fiber.
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