KP Tissue (TSE:KPT) Hits New 52-Week High – Here’s What Happened

Shares of KP Tissue Inc. (TSE:KPT) hit a new 52-week high during trading on Tuesday . The company traded as high as C$12.42 and last traded at C$12.29, with a volume of 21003 shares trading hands. The stock had previously closed at C$12.19.

Wall Street Analyst Weigh In

KPT has been the topic of a number of research reports. TD raised their target price on shares of KP Tissue from C$11.00 to C$12.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Desjardins raised their target price on shares of KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$11.63.

KP Tissue Stock Performance

The stock’s fifty day moving average is C$11.39 and its two-hundred day moving average is C$10.77. The firm has a market capitalization of C$125.15 million, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of -0.88 and a beta of 0.47.

KP Tissue (TSE:KPT) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share for the quarter. Sell-side analysts anticipate that KP Tissue Inc. will post 0.4398964 earnings per share for the current year.

KP Tissue Company Profile

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.