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) shares 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.

Wall Street Analyst Weigh In

KPT has been the topic of a number of recent research reports. National Bankshares lifted their price target on shares of KP Tissue from C$9.50 to C$10.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 14th. TD Securities upped 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 upped their price target on shares of KP Tissue from C$9.50 to C$10.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$9.38.

KP Tissue Stock Performance

The company has a market cap of C$93.76 million, a price-to-earnings ratio of 21.36, a P/E/G ratio of -0.88 and a beta of 0.13. The firm has a fifty day moving average price of C$9.23 and a 200 day moving average price of C$8.64.

KP Tissue Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 7.7%. KP Tissue's dividend payout ratio (DPR) is presently 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.

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