Desjardins Issues Positive Forecast for KP Tissue (TSE:KPT) Stock Price

Key Points

• Desjardins raised its target price for KP Tissue from C$9.50 to C$10.00, indicating a potential upside of 4.71% from the stock's previous close, while maintaining a "hold" rating.
• Other analysts, including TD Securities and National Bankshares, have also increased their target prices for KP Tissue, now set at C$9.00 and C$9.50 respectively, both also recommending "hold" or "sector perform" ratings.
• As of Thursday, KP Tissue's stock was trading at C$9.55, with a 12-month high of C$9.64 and low of C$7.54, and it has a market capitalization of C$95.44 million.

KP Tissue (TSE:KPT - Get Free Report) had its target price hoisted by investment analysts at Desjardins from C$9.50 to C$10.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. Desjardins' price objective suggests a potential upside of 4.71% from the stock's previous close.

Other research analysts have also issued research reports about the company. TD Securities boosted their target price on KP Tissue from C$8.00 to C$9.00 and gave the company a "hold" rating in a report on Thursday, May 22nd. National Bankshares boosted their target price on KP Tissue from C$8.50 to C$9.50 and gave the company a "sector perform" rating in a report on Thursday, May 22nd.

KP Tissue Stock Performance

TSE KPT traded up C$0.05 on Thursday, reaching C$9.55. The stock had a trading volume of 12,300 shares, compared to its average volume of 16,224. KP Tissue has a 12-month low of C$7.54 and a 12-month high of C$9.64. The business's 50-day moving average price is C$9.12 and its 200 day moving average price is C$8.48. The stock has a market cap of C$95.44 million, a P/E ratio of 14.95, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37.

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 Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.

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