KP Tissue (TSE:KPT) Sets New 1-Year High – Still a Buy?

KP Tissue Inc. (TSE:KPT)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$10.99 and last traded at C$10.99, with a volume of 7787 shares. The stock had previously closed at C$10.99.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KPT shares. Canadian Imperial Bank of Commerce boosted their price target on KP Tissue from C$10.50 to C$11.00 in a research report on Friday, November 14th. National Bank Financial increased their price target 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. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$10.25.

KP Tissue Price Performance

The stock has a market cap of C$109.61 million, a PE ratio of 28.18, a P/E/G ratio of -0.88 and a beta of 0.33. The business has a 50 day moving average price of C$10.34 and a 200 day moving average price of C$9.89.

KP Tissue (TSE:KPT) last posted its earnings results on Wednesday, February 18th. The company reported C$0.26 earnings per share for the quarter. On average, research analysts predict that KP Tissue Inc. will post 0.4398964 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other KP Tissue news, Director Michel Manseau sold 3,000 shares of the 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 transaction of C$31,230.00. 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.