KP Tissue Inc (TSE:KPT)’s stock price hit a new 52-week high during mid-day trading on Friday after TD Securities raised their price target on the stock from C$9.00 to C$9.50. TD Securities currently has a hold rating on the stock. KP Tissue traded as high as C$9.77 and last traded at C$9.68, with a volume of 17533 shares trading hands. The stock had previously closed at C$9.27.
A number of other research analysts also recently issued reports on KPT. National Bank Financial upgraded KP Tissue from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$8.00 to C$10.00 in a research note on Thursday. Royal Bank of Canada upgraded KP Tissue from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$8.00 to C$10.00 in a research note on Friday, August 9th. Finally, CIBC boosted their price objective on KP Tissue from C$9.00 to C$10.00 in a research note on Friday, October 11th.
The stock has a 50 day moving average of C$9.04 and a 200-day moving average of C$8.56. The company has a market capitalization of $84.85 million and a P/E ratio of -36.62.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.18 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a yield of 7.31%. KP Tissue’s dividend payout ratio is presently -267.66%.
About KP Tissue (TSE:KPT)
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.
See Also: Which market index is the best?
Receive News & Ratings for KP Tissue Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KP Tissue and related companies with MarketBeat.com's FREE daily email newsletter.