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

K-Bro Linen (TSE:KBL) had its price objective hoisted by Stifel Nicolaus from C$45.00 to C$46.00 in a report issued on Friday morning,BayStreet.CA reports.

Several other equities analysts also recently commented on the stock. Raymond James boosted their target price on shares of K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th. TD Securities boosted their price target on shares of K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday.

K-Bro Linen Stock Performance

TSE:KBL opened at C$35.00 on Friday. The stock has a 50-day moving average price of C$34.70 and a 200 day moving average price of C$34.49. The stock has a market capitalization of C$366.10 million, a P/E ratio of 21.60, a P/E/G ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 12-month low of C$30.69 and a 12-month high of C$37.74. 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 Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.43%. K-Bro Linen’s payout ratio is currently 74.07%.

Insider Transactions at K-Bro Linen

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total transaction of C$39,611.00. Insiders own 3.25% of the company’s stock.

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.