KP Tissue Inc (TSE:KPT) Director David A. Spraley Buys 5,000 Shares

KP Tissue Inc (TSE:KPT) Director David A. Spraley acquired 5,000 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of C$8.70 per share, with a total value of C$43,500.00. Following the purchase, the director now owns 9,818 shares of the company’s stock, valued at C$85,416.60.

TSE KPT opened at C$8.88 on Thursday. The firm’s fifty day simple moving average is C$10.67 and its two-hundred day simple moving average is C$9.81. KP Tissue Inc has a 12-month low of C$7.73 and a 12-month high of C$11.73. The firm has a market capitalization of $81.40 million and a P/E ratio of -12.98.

KP Tissue (TSE:KPT) last released its quarterly earnings results on Thursday, March 12th. The company reported C($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.19 by C($0.36). On average, analysts forecast that KP Tissue Inc will post 0.63 EPS for the current year.

Several research firms have recently weighed in on KPT. CIBC lifted their price target on shares of KP Tissue from C$10.00 to C$11.00 in a research note on Monday, March 16th. Desjardins reaffirmed a “hold” rating on shares of KP Tissue in a report on Tuesday, December 17th. Royal Bank of Canada lifted their price target on shares of KP Tissue from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. National Bank Financial lifted their price target on shares of KP Tissue from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, January 20th. Finally, Scotiabank lifted their price target on shares of KP Tissue from C$11.75 to C$12.50 in a report on Tuesday, January 14th.

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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