The stock of KP Tissue Inc (TSE:KPT) hit a new 52-week high and has $35.24 target or 148.00% above today’s $14.21 share price. The 5 months bullish chart indicates low risk for the $128.73 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $35.24 price target is reached, the company will be worth $190.52M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 14,835 shares traded hands or 132.89% up from the average. KP Tissue Inc (TSE:KPT) has risen 10.63% since April 11, 2016 and is uptrending. It has outperformed by 6.70% the S&P500.
KP Tissue Inc (TSE:KPT) Ratings Coverage
Out of 4 analysts covering KP Tissue (TSE:KPT), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $18 is the highest target while $13.50 is the lowest. The $16.10 average target is 13.30% above today’s ($14.21) stock price. KP Tissue has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. TD Securities maintained the stock with “Buy” rating in Friday, August 12 report. As per Friday, October 21, the company rating was downgraded by TD Securities. As per Tuesday, September 1, the company rating was maintained by Scotia Capital. As per Friday, November 4, the company rating was maintained by Scotia Capital. TD Securities maintained the shares of KPT in a report on Friday, November 4 with “Hold” rating.
KP Tissue Inc. is created to acquire, and its business is limited to holding, a limited partnership interest in Kruger Products L.P. . The company has a market cap of $128.73 million. KPLP is a tissue products supplier, which produces, distributes, markets and sells bathroom tissue, facial tissue, paper towels and napkins, for both the Consumer and the Away-From-Home (AFH) markets. It currently has negative earnings. KPLP operates through three divisions: consumer products sold through traditional retail channels, such as grocery stores, mass merchandisers, club stores, drug stores and convenience stores (Consumer); AFH, and Other.
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