K-Bro Linen (TSE:KBL) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

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

KBL has been the subject of several other research reports. Raymond James raised their price target on shares of K-Bro Linen from C$40.00 to C$45.00 in a research report on Thursday, August 8th. TD Securities boosted their price target on K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday.

K-Bro Linen Stock Performance

Shares of KBL stock opened at C$35.00 on Friday. The company has a market capitalization of C$366.10 million, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80. K-Bro Linen has a one year low of C$30.69 and a one year high of C$37.74. The company’s 50-day moving average is C$34.70 and its 200 day moving average is C$34.49.

K-Bro Linen Dividend Announcement

The business also recently announced 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. The ex-dividend date was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.43%. K-Bro Linen’s dividend payout ratio is presently 74.07%.

Insider Transactions 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 value of C$39,611.00. Company 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.