KP Tissue (TSE:KPT) Price Target Cut to C$8.50 by Analysts at Desjardins

KP Tissue (TSE:KPT) had its price target decreased by Desjardins from C$10.00 to C$8.50 in a report released on Thursday,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

Separately, CIBC decreased 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 Stock Performance

Shares of KP Tissue stock opened at C$8.09 on Thursday. The company has a market capitalization of C$80.85 million, a PE ratio of 12.67, a P/E/G ratio of -0.88 and a beta of 0.37. The company has a 50-day simple moving average of C$8.03 and a two-hundred day simple moving average of C$8.22. KP Tissue has a one year low of C$7.66 and a one year high of C$9.05.

Insiders Place Their Bets

In other KP Tissue news, Director Mario Gosselin sold 18,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$8.19, for a total value 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.