Desjardins Cuts KP Tissue (TSE:KPT) Price Target to C$8.50

KP Tissue (TSE:KPT) had its price objective decreased by stock analysts at Desjardins from C$10.00 to C$8.50 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price suggests a potential upside of 5.72% from the stock’s current price.

Separately, CIBC reduced their target price on shares of KP Tissue from C$9.00 to C$8.50 in a research report on Wednesday, January 15th.

KP Tissue Price Performance

Shares of KPT stock traded up C$0.01 during trading hours on Thursday, hitting C$8.04. 20,739 shares of the company’s stock were exchanged, compared to its average volume of 14,726. The stock’s 50-day moving average is C$8.04 and its 200-day moving average is C$8.22. KP Tissue has a 52 week low of C$7.66 and a 52 week high of C$9.05. The stock has a market cap of C$80.35 million, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37.

Insider Buying and Selling

In other KP Tissue news, Director Mario Gosselin sold 18,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$8.19, for a total transaction of C$147,420.00. Corporate insiders own 0.14% of the company’s stock.

About KP Tissue

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.