KP Tissue (TSE:KPT) Sets New 12-Month High – Should You Buy?

KP Tissue Inc. (TSE:KPT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$10.98 and last traded at C$10.86, with a volume of 2558 shares. The stock had previously closed at C$10.84.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. National Bank Financial increased their target price on shares of KP Tissue from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report 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 report on Friday, November 14th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$10.25.

KP Tissue Stock Performance

The stock has a fifty day simple moving average of C$10.44 and a two-hundred day simple moving average of C$9.97. The stock has a market capitalization of C$109.16 million, a price-to-earnings ratio of 12.82, a P/E/G ratio of -0.88 and a beta of 0.49.

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

Insider Transactions at KP Tissue

In other KP Tissue news, Director Michel Manseau sold 3,000 shares of the business’s stock in a transaction that occurred 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. Company 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.