KP Tissue (TSE:KPT) Reaches New 12-Month High – Here’s What Happened

KP Tissue Inc. (TSE:KPT) reached a new 52-week high during trading on Tuesday . The company traded as high as C$10.12 and last traded at C$10.11, with a volume of 17035 shares. The stock had previously closed at C$9.94.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KPT. National Bankshares raised their price target on shares of KP Tissue from C$9.50 to C$10.00 and gave the company a “sector perform” rating in a research report on Thursday, August 14th. Desjardins upped their price target on KP Tissue from C$9.50 to C$10.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Finally, CIBC lifted their price objective on KP Tissue from C$10.50 to C$11.00 in a report on Friday, November 14th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, KP Tissue currently has an average rating of “Hold” and a consensus target price of C$10.00.

KP Tissue Price Performance

The business has a 50-day moving average of C$9.50 and a 200 day moving average of C$9.29. The company has a market cap of C$103.28 million, a PE ratio of 26.46, a PEG ratio of -0.88 and a beta of 0.19.

KP Tissue (TSE:KPT) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.15 earnings per share (EPS) for the quarter. On average, 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.