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

Shares of KP Tissue Inc. (TSE:KPT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$13.26 and last traded at C$13.10, with a volume of 13048 shares. The stock had previously closed at C$13.07.

Wall Street Analysts Forecast Growth

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

KP Tissue Stock Down 1.1%

The firm has a market cap of C$129.66 million, a PE ratio of 14.37, a P/E/G ratio of -0.88 and a beta of 0.55. The firm has a 50-day moving average price of C$11.47 and a two-hundred day moving average price of C$10.82.

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