KP Tissue (TSE:KPT) Reaches New 1-Year High – Here’s What Happened

KP Tissue Inc. (TSE:KPT) hit a new 52-week high during trading on Friday . The company traded as high as C$10.55 and last traded at C$10.45, with a volume of 20757 shares. The stock had previously closed at C$10.48.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KPT. National Bank Financial increased their price target on shares of KP Tissue from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce lifted their target price on shares of KP Tissue from C$10.50 to C$11.00 in a research note on Friday, November 14th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$10.25.

KP Tissue Price Performance

The company has a market cap of C$105.13 million, a price-to-earnings ratio of 27.03, a P/E/G ratio of -0.88 and a beta of 0.33. The firm has a fifty day simple moving average of C$10.31 and a 200 day simple moving average of C$9.80.

KP Tissue (TSE:KPT) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.15 earnings per share (EPS) for the quarter. Analysts expect that KP Tissue Inc. will post 0.4398964 earnings per share for the current year.

Insider Buying and Selling

In other KP Tissue news, Director Michel Manseau sold 3,000 shares of the stock in a transaction 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. 0.14% of the stock is currently owned by 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.