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

Key Points

• KP Tissue Inc. shares crossed above their 200-day moving average of C$8.64, reaching a high of C$9.51 during trading.
• Recent analyst reports have raised the price target for KP Tissue shares, with National Bankshares and Desjardins setting targets at C$10.00, while TD Securities upped theirs to C$9.00.
• The company declared a quarterly dividend of $0.18, reflecting an annualized yield of 7.7%, despite a high dividend payout ratio of 163.64%.

KP Tissue Inc. (TSE:KPT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.64 and traded as high as C$9.51. KP Tissue shares last traded at C$9.40, with a volume of 11,047 shares changing hands.

Wall Street Analyst Weigh In

KPT has been the subject of several recent analyst reports. Desjardins raised their target price on KP Tissue from C$9.50 to C$10.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. National Bankshares raised their target price on KP Tissue from C$9.50 to C$10.00 and gave the company a "sector perform" rating in a research note on Thursday, August 14th. Finally, TD Securities raised their target price on KP Tissue from C$8.00 to C$9.00 and gave the company a "hold" rating in a research note on Thursday, May 22nd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of C$9.38.

KP Tissue Price Performance

The stock has a fifty day moving average price of C$9.25 and a two-hundred day moving average price of C$8.68. The company has a market cap of C$94.31 million, a P/E ratio of 21.43, a PEG ratio of -0.88 and a beta of 0.19.

KP Tissue Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 7.6%. KP Tissue's dividend payout ratio (DPR) is currently 163.64%.

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.