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

Key Points

• KP Tissue's share price reached a new 52-week high of C$9.40, up from a previous close of C$9.19, with a trading volume of 67,161 shares.
• Equities analysts have increased their price targets for KP Tissue, with Desjardins and National Bankshares both raising theirs to C$9.50.
• The company recently announced a quarterly dividend of $0.18 per share, reflecting a 7.7% annual yield, despite a payout ratio of 112.73%.

KP Tissue Inc. (TSE:KPT - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$9.34 and last traded at C$9.40, with a volume of 67161 shares changing hands. The stock had previously closed at C$9.19.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. National Bankshares upped their target price on shares of KP Tissue from C$8.50 to C$9.50 and gave the stock a "sector perform" rating in a research report on Thursday, May 22nd. TD Securities increased their price target on shares of KP Tissue from C$8.00 to C$9.00 and gave the stock a "hold" rating in a research report on Thursday, May 22nd. Finally, Desjardins increased their target price on shares of KP Tissue from C$8.50 to C$9.50 and gave the stock a "hold" rating in a report on Thursday, May 22nd.

KP Tissue Trading Up 0.5%

The firm's 50 day simple moving average is C$9.08 and its 200 day simple moving average is C$8.44. The firm has a market cap of C$94.75 million, a PE ratio of 14.84, a PEG ratio of -0.88 and a beta of 0.37.

KP Tissue Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 7.6%. The ex-dividend date was Monday, June 30th. KP Tissue's payout ratio is currently 112.73%.

About KP Tissue

KP Tissue Inc, through its interest in Kruger Products L.P., produces, distributes, markets, and sells a range of disposable tissue products in Canada and the United States. The company operates through two segments, Consumer and Away-From-Home. It offers bathroom and facial tissues, paper towels, and napkins.