The stock of KP Tissue Inc (TSE:KPT) hit a new 52-week high and has $15.50 target or 4.00% above today’s $14.90 share price. The 8 months bullish chart indicates low risk for the $138.17 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $15.50 price target is reached, the company will be worth $5.53 million 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 2,475 shares traded hands. KP Tissue Inc (TSE:KPT) has risen 13.85% since April 25, 2016 and is uptrending. It has outperformed by 8.59% the S&P500.
KP Tissue Inc (TSE:KPT) Ratings Coverage
Out of 4 analysts covering KP Tissue (TSE:KPT), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $18 is the highest target while $13.50 is the lowest. The $16.50 average target is 10.74% above today’s ($14.9) stock price. KP Tissue has been the topic of 18 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 28. Scotia Capital maintained KP Tissue Inc (TSE:KPT) on Thursday, November 24 with “Outperform” rating. The rating was maintained by Scotia Capital with “Outperform” on Tuesday, September 1. TD Securities maintained KP Tissue Inc (TSE:KPT) on Friday, November 4 with “Hold” rating. TD Securities maintained the stock with “Buy” rating in Friday, August 12 report. TD Securities downgraded the shares of KPT in a report on Friday, October 21 to “Hold” rating. The stock has “Outperform” rating given by Scotia Capital on Friday, November 4.
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 $138.17 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.