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

KP Tissue Inc. (TSE:KPT) shares hit a new 52-week high on Friday . The stock traded as high as C$10.98 and last traded at C$10.80, with a volume of 837 shares traded. The stock had previously closed at C$10.85.

Analysts Set New Price Targets

KPT has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce upped their target price on KP Tissue from C$10.50 to C$11.00 in a report on Friday, November 14th. National Bank Financial upped their price objective on 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 MarketBeat.com, KP Tissue has an average rating of “Hold” and an average price target of C$10.25.

KP Tissue Price Performance

The firm has a market cap of C$108.12 million, a price-to-earnings ratio of 12.75, a P/E/G ratio of -0.88 and a beta of 0.49. The firm has a fifty day simple moving average of C$10.49 and a two-hundred day simple moving average of C$10.00.

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

Insider Buying and Selling at KP Tissue

In related news, Director Michel Manseau sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of C$10.41, for a total value of C$31,230.00. 0.14% of the stock is owned by company 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.