KP Tissue (TSE:KPT) Share Price Passes Above Two Hundred Day Moving Average of $8.77
Shares of KP Tissue Inc (TSE:KPT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.77 and traded as high as $9.65. KP Tissue shares last traded at $9.65, with a volume of 7,510 shares traded.
A number of equities research analysts have recently commented on KPT shares. National Bank Financial upgraded KP Tissue from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$8.00 to C$10.00 in a research report on Thursday, November 7th. CIBC lifted their price target on KP Tissue from C$9.00 to C$10.00 in a research note on Friday, October 11th. Finally, TD Securities upped their price target on KP Tissue from C$9.00 to C$9.50 and gave the stock a “hold” rating in a report on Friday, November 8th.
The firm has a market capitalization of $91.04 million and a price-to-earnings ratio of -43.45. The company has a 50 day moving average price of C$9.31 and a two-hundred day moving average price of C$8.77.
KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in North America. The company operates through three segments: Consumer Products, Away-From-Home, and Other. It offers bathroom and facial tissues, paper towels, and paper towels and napkins, as well as disposable wiping products and washroom dispensing systems.
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