K-Bro Linen (TSE:KBL) Price Target Raised to C$48.00

K-Bro Linen (TSE:KBL) had its price target raised by TD Securities from C$46.00 to C$48.00 in a research note issued to investors on Friday,BayStreet.CA reports.

Separately, Raymond James lifted their price objective on K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th.

K-Bro Linen Stock Up 0.1 %

Shares of KBL opened at C$34.82 on Friday. The company’s 50-day moving average price is C$34.70 and its 200 day moving average price is C$34.49. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. K-Bro Linen has a 12-month low of C$30.69 and a 12-month high of C$37.74. The firm has a market cap of C$364.22 million, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08.

K-Bro Linen Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.10 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.45%. K-Bro Linen’s dividend payout ratio is presently 74.07%.

Insider Buying and Selling

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total value of C$39,611.00. 3.25% of the stock is currently owned by insiders.

K-Bro Linen Company Profile

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.