KP Tissue (TSE:KPT) Hits New 1-Year High – Here’s Why

KP Tissue Inc. (TSE:KPT)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$10.68 and last traded at C$10.68, with a volume of 32069 shares. The stock had previously closed at C$10.68.

Analyst Ratings Changes

KPT has been the topic of a number of research reports. Canadian Imperial Bank of Commerce boosted their target price on shares of KP Tissue from C$10.50 to C$11.00 in a report on Friday, November 14th. National Bank Financial increased their price objective on KP Tissue from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, KP Tissue currently has a consensus rating of “Hold” and a consensus price target of C$10.25.

KP Tissue Price Performance

The firm has a market cap of C$106.32 million, a PE ratio of 27.33, a P/E/G ratio of -0.88 and a beta of 0.33. The business has a fifty day moving average price of C$10.32 and a two-hundred day moving average price of C$9.85.

KP Tissue (TSE:KPT) last posted its quarterly earnings results on Wednesday, February 18th. The company reported C$0.26 earnings per share for the quarter. As a group, sell-side analysts forecast that KP Tissue Inc. will post 0.4398964 EPS for the current fiscal year.

Insiders Place Their Bets

In other KP Tissue news, Director Michel Manseau sold 3,000 shares of KP Tissue stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of C$10.41, for a total value of C$31,230.00. Insiders own 0.14% of the company’s stock.

About KP Tissue

KP Tissue Inc operates as a holding company. The firm produces, distributes, markets, and sells a range of disposable tissue products in North America. It offers bathroom and facial tissues, paper towels, paper towels, and napkins, as well as disposable wiping products and washroom dispensing systems.