KP Tissue (TSE:KPT) Price Target Lowered to C$8.50 at CIBC

KP Tissue (TSE:KPT) had its price objective lowered by research analysts at CIBC from C$9.00 to C$8.50 in a report released on Wednesday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 5.46% from the company’s current price.

KP Tissue Stock Performance

KPT opened at C$8.06 on Wednesday. The company’s 50-day simple moving average is C$8.21 and its two-hundred day simple moving average is C$8.35. The stock has a market capitalization of C$80.36 million, a P/E ratio of 13.43, a P/E/G ratio of -0.88 and a beta of 0.37. KP Tissue has a 52-week low of C$7.98 and a 52-week high of C$9.05.

Insider Transactions at KP Tissue

In other news, Director Mario Gosselin sold 18,000 shares of the 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. Company 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.