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KP Tissue (TSE:KPT) Shares Cross Above 200-Day Moving Average - Here's What Happened

KP Tissue logo with Consumer Defensive background

KP Tissue Inc. (TSE:KPT - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.08 and traded as high as C$8.16. KP Tissue shares last traded at C$8.09, with a volume of 12,534 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Securities cut their price objective on shares of KP Tissue from C$8.50 to C$8.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Desjardins cut their target price on shares of KP Tissue from C$10.00 to C$8.50 and set a "hold" rating for the company in a research note on Thursday, March 6th. Finally, CIBC dropped their price objective on shares of KP Tissue from C$9.00 to C$8.50 in a report on Wednesday, January 15th.

View Our Latest Stock Analysis on KP Tissue

KP Tissue Stock Up 0.8 %

The stock's 50 day moving average is C$7.98 and its 200-day moving average is C$8.08. The company has a market cap of C$83.95 million, a PE ratio of 13.15, a P/E/G ratio of -0.88 and a beta of 0.37.

KP Tissue Company Profile

(Get Free Report)

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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