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KP Tissue ( (TSE:KPT) ) has issued an update.
KP Tissue Inc. announced that Kruger Products Inc. plans to offer CAD $165 million in Senior Unsecured Notes through a private placement. The proceeds will be used to repay borrowings under Kruger Products SB Inc.’s senior credit facilities and for general corporate purposes, which is expected to improve the credit profile of the restricted group. The Notes will not be registered under U.S. or Canadian securities laws, and the offering is subject to market conditions.
The most recent analyst rating on (TSE:KPT) stock is a Hold with a C$11.00 price target. To see the full list of analyst forecasts on KP Tissue stock, see the TSE:KPT Stock Forecast page.
Spark’s Take on TSE:KPT Stock
According to Spark, TipRanks’ AI Analyst, TSE:KPT is a Neutral.
KP Tissue’s overall stock score reflects a mix of strengths and challenges. The strong balance sheet and positive earnings call outlook are significant positives, enhancing stability and growth potential. However, profitability issues, high P/E ratio, and mixed technical indicators present cautionary elements. The attractive dividend yield provides some valuation support, but overall, the stock’s performance hinges on continued operational improvements and strategic execution amid external challenges.
To see Spark’s full report on TSE:KPT stock, click here.
More about KP Tissue
Kruger Products Inc. (KPI) is Canada’s leading manufacturer of quality tissue products for household, industrial, and commercial use, serving the Canadian market with brands such as Cashmere®, Purex®, and Scotties®. In the U.S., it manufactures the White Cloud® brand and private label products. The company operates ten production facilities in North America and employs approximately 3,000 people.
Average Trading Volume: 17,384
Technical Sentiment Signal: Buy
Current Market Cap: C$99.55M
Learn more about KPT stock on TipRanks’ Stock Analysis page.