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

Posted by Erica Schwartz on Nov 16th, 2024

K-Bro Linen (TSE:KBL – Free Report) had its price target increased by TD Securities from C$46.00 to C$48.00 in a report published on Friday morning,BayStreet.CA reports.

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

View Our Latest Stock Analysis on K-Bro Linen

K-Bro Linen Stock Up 0.1 %

KBL traded up C$0.05 during trading hours on Friday, hitting C$34.82. 6,100 shares of the company’s stock were exchanged, compared to its average volume of 11,257. The stock’s 50-day moving average is C$34.70 and its two-hundred day moving average is C$34.50. K-Bro Linen has a 1-year low of C$30.69 and a 1-year 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 stock has a market cap 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.

K-Bro Linen Dividend Announcement

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

Insider Activity

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

About K-Bro Linen

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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.