TD Securities raised the target price of KP Tissue (TSE:KPT) to $16.00 indicating a possible upside of 0%.

Just yesterday KP Tissue (TSE:KPT) traded 1.91% higher at $0.00. The company’s 50-day moving average is $15.70 and its 200-day moving average is $15.29. The last stock close price is down 1.37% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 10,589 shares of the stock were exchanged, down from an average trading volume of 13,068

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KP Tissue has a 52 week low of $10.94 and a 52 week high of $16.34 KP Tissue’s market capitalization is presently $0.

A total of 6 brokerages have issued a ratings update on KP Tissue. zero brokerages rating the company a strong buy, four brokerages rating the company a buy, two brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $12.10.

Brief Synopsis About KP Tissue (TSE:KPT)

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. 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, 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.

The post A statement released earlier today by TD Securities about KP Tissue (TSE:KPT) bumps the target price to $16.00 appeared first on Octafinance.