KP Tissue Inc. (TSE:KPT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$10.49. KP Tissue shares last traded at C$10.43, with a volume of 15,221 shares traded.
KPT has been the subject of a number of research analyst reports. National Bankshares upped their price target on KP Tissue from C$10.50 to C$11.00 and gave the company a “sector perform” rating in a report on Monday, May 10th. National Bank Financial increased their target price on shares of KP Tissue to C$11.00 and gave the company a “sector perform” rating in a research report on Monday, May 10th. CIBC reduced their price target on shares of KP Tissue from C$12.00 to C$11.00 in a research report on Tuesday, May 11th. Royal Bank of Canada decreased their price objective on shares of KP Tissue from C$12.00 to C$10.00 and set a “sector perform” rating for the company in a research note on Monday, May 10th. Finally, Scotiabank cut their target price on KP Tissue from C$13.00 to C$12.50 in a research report on Monday, May 10th. Five investment analysts have rated the stock with a hold rating, KP Tissue currently has an average rating of “Hold” and a consensus price target of C$11.42.
The firm has a market capitalization of C$102.06 million and a P/E ratio of -41.55. The stock has a 50-day simple moving average of C$10.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Wednesday, June 30th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date is Tuesday, June 29th. KP Tissue’s dividend payout ratio is presently -286.85%.
About KP Tissue (TSE:KPT)
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, as well as manufactures private label tissue products.
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