KP Tissue (TSE:KPT) Reaches New 52-Week High – Time to Buy?

Shares of KP Tissue Inc. (TSE:KPT) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$13.26 and last traded at C$13.10, with a volume of 13048 shares trading hands. The stock had previously closed at C$13.07.

Analyst Ratings Changes

KPT has been the subject of several analyst reports. TD boosted their price objective on KP Tissue from C$11.00 to C$12.00 and gave the company a “hold” rating in a report on Friday, May 15th. Desjardins lifted their price target on KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a research report on Friday, May 15th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$11.63.

KP Tissue Stock Down 1.1%

The firm has a 50-day moving average of C$11.47 and a two-hundred day moving average of C$10.82. The company has a market capitalization of C$129.66 million, a PE ratio of 14.37, a PEG ratio of -0.88 and a beta of 0.55.

KP Tissue (TSE:KPT) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share for the quarter. Equities analysts predict that KP Tissue Inc. will post 0.4398964 EPS for the current fiscal year.

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.