KP Tissue (TSE:KPT) Sets New 52-Week High – What’s Next?

KP Tissue Inc. (TSE:KPT)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$9.23 and last traded at C$9.25, with a volume of 20645 shares changing hands. The stock had previously closed at C$9.17.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KPT. Desjardins upped their price target on shares of KP Tissue from C$8.50 to C$9.50 and gave the stock a “hold” rating in a report on Thursday, May 22nd. TD Securities upped their target price on KP Tissue from C$8.00 to C$9.00 and gave the stock a “hold” rating in a research note on Thursday, May 22nd. Finally, National Bankshares raised their target price on KP Tissue from C$8.50 to C$9.50 and gave the company a “sector perform” rating in a report on Thursday, May 22nd.

KP Tissue Stock Performance

The firm has a market cap of C$92.35 million, a price-to-earnings ratio of 14.47, a PEG ratio of -0.88 and a beta of 0.37. The business has a fifty day simple moving average of C$8.46 and a 200-day simple moving average of C$8.20.

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 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.