Other equities research analysts also recently issued reports about the company. CIBC decreased their target price on KP Tissue from C$14.00 to C$12.00 in a research report on Friday, May 11th. Desjardins downgraded KP Tissue from a buy rating to a hold rating and decreased their target price for the stock from C$12.50 to C$11.00 in a research report on Friday, July 13th. Scotiabank decreased their target price on KP Tissue from C$13.00 to C$12.00 and set an outperform rating on the stock in a research report on Wednesday, June 6th. Finally, National Bank Financial decreased their target price on KP Tissue from C$12.50 to C$10.50 and set a sector perform rating on the stock in a research report on Friday, May 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of C$11.25.
TSE:KPT opened at C$9.83 on Friday. KP Tissue has a 12 month low of C$9.50 and a 12 month high of C$15.82.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a $0.18 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.32%.
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 North America. The company operates through three segments: Consumer Products, Away-From-Home, and Other. It offers bathroom and facial tissues, paper towels, and paper towels and napkins, as well as disposable wiping products and washroom dispensing systems.
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