KP Tissue (TSE:KPT) Shares Up 0.7% – Time to Buy?

KP Tissue Inc. (TSE:KPT) shares were up 0.7% on Monday . The company traded as high as C$8.28 and last traded at C$8.28. Approximately 18,509 shares traded hands during trading, an increase of 0% from the average daily volume of 18,430 shares. The stock had previously closed at C$8.22.

Wall Street Analyst Weigh In

Separately, TD Securities increased their target price on KP Tissue from C$8.50 to C$9.00 and gave the company a “hold” rating in a report on Wednesday, August 14th.

KP Tissue Stock Up 0.7 %

The stock has a 50 day simple moving average of C$8.27 and a 200 day simple moving average of C$8.38. The company has a market cap of C$82.55 million, a price-to-earnings ratio of 13.80, a PEG ratio of -0.88 and a beta of 0.37.

KP Tissue Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend was Friday, September 27th. KP Tissue’s dividend payout ratio (DPR) is presently 120.00%.

KP Tissue Company Profile

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.