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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

Key Points

  • KP Tissue Inc. (TSE:KPT) saw its stock price cross above the 200-day moving average, reaching C$9.50 amid trading volume of 5,589 shares.
  • Analysts from National Bankshares and Desjardins both raised their price targets for KP Tissue from C$9.50 to C$10.00, suggesting a "hold" and "sector perform" rating respectively.
  • The company announced a $0.18 quarterly dividend per share, scheduled for payment on October 15th, which equates to an annualized yield of 7.6%.
  • Five stocks to consider instead of KP Tissue.

KP Tissue Inc. (TSE:KPT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.77 and traded as high as C$9.50. KP Tissue shares last traded at C$9.50, with a volume of 5,589 shares.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KPT shares. Desjardins raised their price objective on KP Tissue from C$9.50 to C$10.00 and gave the company a "hold" rating in a report on Thursday, August 14th. National Bankshares raised their price objective on 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. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, KP Tissue currently has an average rating of "Hold" and a consensus price target of C$9.38.

Read Our Latest Report on KP Tissue

KP Tissue Stock Performance

The stock has a market capitalization of C$95.01 million, a PE ratio of 21.59, a price-to-earnings-growth ratio of -0.88 and a beta of 0.19. The firm's fifty day moving average is C$9.34 and its 200-day moving average is C$8.79.

KP Tissue Announces Dividend

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

KP Tissue Company Profile

(Get Free Report)

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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