KP Tissue Inc (KPT) Price Target Cut to C$15.50

KP Tissue Inc (TSE:KPT) had its target price reduced by equities researchers at National Bank Financial from C$17.00 to C$15.50 in a report issued on Thursday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 10.16% from the company’s previous close. National Bank Financial also issued estimates for KP Tissue’s FY2017 earnings at $0.84 EPS and FY2019 earnings at $1.26 EPS.

Other analysts have also recently issued reports about the company. TD Securities upgraded KP Tissue from a “hold” rating to a “buy” rating and set a C$16.00 target price for the company in a report on Thursday, August 10th. Scotiabank dropped their target price on KP Tissue from C$18.00 to C$17.50 and set an “outperform” rating for the company in a report on Thursday, August 10th.

Shares of KP Tissue (KPT) opened at C$14.07 on Thursday. KP Tissue has a twelve month low of C$13.31 and a twelve month high of C$16.34.

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About KP Tissue

KP Tissue Inc is a Canada-based company, 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 and facial tissue, paper towels and napkins, for both the Consumer and the Away-From-Home (AFH) markets.

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