KP Tissue (TSE:KPT) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of KP Tissue Inc. (TSE:KPT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.12 and traded as high as C$8.96. KP Tissue shares last traded at C$8.95, with a volume of 4,080 shares traded.

Wall Street Analysts Forecast Growth

KPT has been the subject of several research reports. TD Securities raised their price objective 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. Desjardins lifted their price target on shares of KP Tissue from C$8.50 to C$9.50 and gave the company a “hold” rating in a research report on Thursday, May 22nd. Finally, National Bankshares lifted their price target on shares of KP Tissue from C$8.50 to C$9.50 and gave the company a “sector perform” rating in a research report on Thursday, May 22nd.

KP Tissue Price Performance

The business’s 50-day moving average price is C$8.17 and its two-hundred day moving average price is C$8.12. The company has a market capitalization of C$89.45 million, a price-to-earnings ratio of 14.01, a P/E/G ratio of -0.88 and a beta of 0.37.

About KP Tissue

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.