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

KP Tissue Inc. (TSE:KPT) reached a new 52-week high on Wednesday . The stock traded as high as C$10.99 and last traded at C$10.99, with a volume of 7787 shares changing hands. The stock had previously closed at C$10.99.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KPT shares. Canadian Imperial Bank of Commerce raised their price objective on KP Tissue from C$10.50 to C$11.00 in a research note on Friday, November 14th. National Bank Financial raised their target price on shares of KP Tissue from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, KP Tissue currently has a consensus rating of “Hold” and an average target price of C$10.25.

KP Tissue Stock Performance

The firm has a 50 day moving average of C$10.39 and a 200-day moving average of C$9.92. The company has a market cap of C$110.81 million, a P/E ratio of 28.49, a P/E/G ratio of -0.88 and a beta of 0.33.

KP Tissue (TSE:KPT) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.26 earnings per share (EPS) for the quarter. Equities analysts predict that KP Tissue Inc. will post 0.4398964 EPS for the current fiscal year.

Insider Buying and Selling

In other KP Tissue news, Director Michel Manseau sold 3,000 shares of the 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 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.