TD Securities Issues Positive Forecast for K-Bro Linen (TSE:KBL) Stock Price

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

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

K-Bro Linen Stock Performance

Shares of KBL stock opened at C$35.00 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. The firm has a fifty day simple moving average of C$34.70 and a two-hundred day simple moving average of C$34.49. 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 capitalization of C$366.10 million, a PE ratio of 21.60, a price-to-earnings-growth 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 paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen’s dividend payout ratio (DPR) is presently 74.07%.

Insiders Place Their Bets

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the stock in a transaction that occurred 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. Insiders own 3.25% of the company’s stock.

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.