KP Tissue (TSE:KPT) Sets New 1-Year High - Here's What Happened

Key Points

• KP Tissue Inc. (TSE:KPT) reached a new 52-week high with shares trading at C$9.66 during mid-day trading, an increase from its previous close of C$9.60.
• Brokerage firms have raised their target prices for KP Tissue, with National Bankshares and Desjardins setting it to C$10.00, indicating a "Hold" rating consensus among analysts.
• The company announced a quarterly dividend of $0.18 per share, yielding 7.4%, with a payout ratio currently at 112.73%.

KP Tissue Inc. (TSE:KPT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$9.66 and last traded at C$9.66, with a volume of 10377 shares changing hands. The stock had previously closed at C$9.60.

Analyst Ratings Changes

A number of brokerages have recently commented on KPT. National Bankshares lifted their target price on shares of KP Tissue from C$9.50 to C$10.00 and gave the company a "sector perform" rating in a report on Thursday, August 14th. TD Securities raised their price objective on KP Tissue from C$8.00 to C$9.00 and gave the stock a "hold" rating in a report on Thursday, May 22nd. Finally, Desjardins lifted their target price on shares of KP Tissue from C$9.50 to C$10.00 and gave the company a "hold" rating in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, KP Tissue presently has a consensus rating of "Hold" and a consensus target price of C$9.38.

KP Tissue Stock Up 0.9%

The stock has a 50 day simple moving average of C$9.16 and a two-hundred day simple moving average of C$8.52. The stock has a market capitalization of C$96.84 million, a P/E ratio of 15.17, a P/E/G ratio of -0.88 and a beta of 0.37.

KP Tissue Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 7.4%. KP Tissue's dividend payout ratio (DPR) 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.

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