CIBC Reiterates a Hold Rating on KP Tissue

By Austin Angelo

KP Tissue (TSX: KPT), the Consumer Goods sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Hamir Patel from CIBC rated KP Tissue (TSX: KPT) a Hold, setting a C$10 price target.

Patel has an average return of 5.4% when recommending KP Tissue.

According to TipRanks.com, Patel is ranked #664 out of 4842 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for KP Tissue with a C$11.88 average price target.

KP Tissue’s market cap is currently C$92.79M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.95.

KP Tissue, Inc. operates as a holding company engages in the production, distribution, marketing, and sale of products, including bathroom tissue, facial tissue, paper towels and napkins, for both the consumer and the away-from-home market. It operates through the following segments: Away-From-Home, Consumer, and Other. The Away-From-Home includes the Purex, Esteem, White Swan, Embassy, and Chalet brands. The Consumer segment operates through the following brands: Cashmere, Purex, Scotties, SpongeTowels, and White Cloud. The Other segment consists primarily of parent rolls sold to third parties in Canada and the United States through brokers. The company was founded in October 2012 and is headquartered in Mississauga, Canada.

The company’s shares closed on Wednesday at C$10.03, close to its 52-week low of C$9.82.