KP Tissue (TSE:KPT) Share Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• KP Tissue shares rose above their 200-day moving average, reaching C$12.94 before closing at C$12.72, compared with a 200-day average of C$11.99.
• Analysts remain cautious, with all three ratings at Hold. The consensus price target is C$12.12, although TD raised its target to C$14.00 and Desjardins increased its target to C$12.50.
• The company pays a quarterly dividend of C$0.21, or C$0.84 annually, representing a 6.6% yield; insiders sold 6,668 shares worth approximately C$87,644 during the latest quarter.

KP Tissue Inc. (TSE:KPT - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.99 and traded as high as C$12.94. KP Tissue shares last traded at C$12.72, with a volume of 18,947 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Desjardins upped their price objective on KP Tissue from C$12.00 to C$12.50 and gave the stock a "hold" rating in a report on Friday, May 15th. TD raised their target price on KP Tissue from C$12.00 to C$14.00 and gave the company a "hold" rating in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$12.12.

KP Tissue Stock Down 0.6%

The business's fifty day moving average is C$12.97 and its 200 day moving average is C$11.99. The stock has a market cap of C$127.61 million, a PE ratio of 14.45, a P/E/G ratio of -0.88 and a beta of 0.53.

KP Tissue (TSE:KPT - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported C$0.24 earnings per share (EPS) for the quarter. As a group, analysts predict that KP Tissue Inc. will post 0.4398964 EPS for the current year.

KP Tissue Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Tuesday, June 30th. KP Tissue's dividend payout ratio (DPR) is presently 85.23%.

Insider Buying and Selling

In other KP Tissue news, Director David A. Spraley sold 3,668 shares of the business's stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of C$13.30, for a total transaction of C$48,784.40. Following the sale, the director directly owned 15,712 shares in the company, valued at approximately C$208,969.60. The trade was a 18.93% decrease in their ownership of the stock. Insiders sold 6,668 shares of company stock worth $87,644 in the last quarter. 0.14% of the stock is currently owned by insiders.

KP Tissue Company Profile

KPT was created to acquire, and its business is limited to holding, a limited equity interest in Kruger Products, which is accounted for as an investment on the equity basis. KPT currently holds a 12% interest in Kruger Products.

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