KP Tissue (TSE:KPT) Reaches New 1-Year High – Time to Buy?

KP Tissue Inc. (TSE:KPT)’s share price reached a new 52-week high on Wednesday . The company traded as high as C$10.46 and last traded at C$10.44, with a volume of 14181 shares traded. The stock had previously closed at C$10.25.

Analysts Set New Price Targets

Several research analysts have issued reports on KPT shares. National Bankshares boosted their target price on 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 lifted their price target on shares of KP Tissue from C$9.50 to C$10.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Finally, CIBC lifted their target price on KP Tissue from C$10.50 to C$11.00 in a research report on Friday, November 14th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, KP Tissue presently has a consensus rating of “Hold” and a consensus price target of C$10.00.

KP Tissue Price Performance

The firm has a market capitalization of C$104.13 million, a P/E ratio of 26.77, a P/E/G ratio of -0.88 and a beta of 0.19. The stock’s fifty day simple moving average is C$9.56 and its 200 day simple moving average is C$9.34.

KP Tissue (TSE:KPT) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.15 EPS for the quarter. As a group, sell-side analysts forecast that KP Tissue Inc. will post 0.4398964 EPS 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.