KP Tissue (TSE:KPT) Sets New 52-Week High – Should You Buy?

KP Tissue Inc. (TSE:KPT)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$10.49 and last traded at C$10.50, with a volume of 20326 shares trading hands. The stock had previously closed at C$10.45.

Analyst Ratings Changes

Separately, CIBC raised their price objective on KP Tissue from C$10.50 to C$11.00 in a research report on Friday, November 14th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$10.00.

KP Tissue Price Performance

The business has a 50 day simple moving average of C$9.92 and a 200 day simple moving average of C$9.52. The company has a market capitalization of C$105.08 million, a price-to-earnings ratio of 26.92, a PEG ratio of -0.88 and a beta of 0.25.

KP Tissue (TSE:KPT) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.15 earnings per share for the quarter. On average, equities research analysts predict that KP Tissue Inc. will post 0.4398964 EPS for the current year.

Insiders Place Their Bets

In other KP Tissue news, Director Michel Manseau sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of C$10.41, for a total transaction of C$31,230.00. 0.14% of the stock is currently owned by corporate insiders.

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.