KP Tissue (TSE:KPT) PT Raised to C$9.00

KP Tissue (TSE:KPT) had its price objective raised by TD Securities from C$8.50 to C$9.00 in a research report released on Wednesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Separately, Desjardins cut their price target on KP Tissue from C$11.00 to C$10.00 and set a hold rating for the company in a report on Wednesday, May 15th.

KP Tissue Stock Up 1.2 %

Shares of KPT stock opened at C$8.60 on Wednesday. KP Tissue has a 12 month low of C$8.02 and a 12 month high of C$10.48. The company has a market cap of C$85.74 million, a PE ratio of 12.65, a price-to-earnings-growth ratio of -0.88 and a beta of 0.37. The business’s 50 day moving average is C$8.49 and its two-hundred day moving average is C$8.47.

KP Tissue Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.72 annualized dividend and a yield of 8.37%. KP Tissue’s dividend payout ratio is currently 105.88%.

KP Tissue Company Profile

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.