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

KP Tissue Inc. (TSE:KPT) hit a new 52-week high on Friday . The stock 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

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

KP Tissue Price Performance

The company has a 50-day simple moving average of C$10.31 and a 200-day simple moving average of C$9.81. The stock has a market cap of C$105.13 million, a PE ratio of 27.03, a PEG ratio of -0.88 and a beta of 0.33.

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

Insiders Place Their Bets

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 value of C$31,230.00. Insiders own 0.14% of the company’s stock.

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.