K-Bro Linen (TSE:KBL) Given New C$48.00 Price Target at TD Securities

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

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

K-Bro Linen Trading Up 0.1 %

K-Bro Linen stock opened at C$34.82 on Friday. 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. The firm has a market capitalization of C$364.22 million, a price-to-earnings ratio of 21.49, a PEG ratio of 3.50 and a beta of 1.08. The firm has a 50-day moving average price of C$34.70 and a two-hundred day moving average price of C$34.49.

K-Bro Linen Announces Dividend

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

Insider Activity at K-Bro Linen

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the firm’s stock in a transaction on 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 owned by corporate 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.