K-Bro Linen (TSE:KBL) Price Target Raised to C$46.00

K-Bro Linen (TSE:KBL) had its target price boosted by Stifel Nicolaus from C$45.00 to C$46.00 in a research note released on Friday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. Raymond James boosted their price target on shares of K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th. TD Securities increased their target price on shares of K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday.

K-Bro Linen Stock Up 0.1 %

TSE KBL opened at C$34.82 on Friday. The stock’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 market capitalization 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 has a 52 week low of C$30.69 and a 52 week high of C$37.74. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82.

K-Bro Linen Dividend Announcement

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

Insiders Place Their Bets

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

About K-Bro Linen

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.