Raymond James set a C$40.00 price objective on K-Bro Linen Inc. (KBL.TO) (TSE:KBL) in a research report report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock.
Other research analysts have also recently issued reports about the company. Cormark upped their price objective on K-Bro Linen Inc. (KBL.TO) from C$32.00 to C$36.00 in a report on Monday, August 17th. Eight Capital lifted their target price on K-Bro Linen Inc. (KBL.TO) from C$28.00 to C$33.00 in a research report on Wednesday, August 19th. National Bank Financial lifted their target price on K-Bro Linen Inc. (KBL.TO) from C$30.50 to C$35.00 and gave the company an outperform rating in a research report on Monday, August 17th. Finally, Laurentian lifted their target price on K-Bro Linen Inc. (KBL.TO) from C$36.00 to C$40.00 in a research report on Monday, August 17th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of C$36.80.
Shares of TSE KBL opened at C$29.97 on Wednesday. K-Bro Linen Inc. has a 12-month low of C$23.73 and a 12-month high of C$46.44. The stock has a market cap of $316.48 million and a PE ratio of 62.70. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 53.51. The company has a 50-day moving average of C$29.15 and a 200 day moving average of C$28.55.
K-Bro Linen Inc. (KBL.TO) (TSE:KBL) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.15 earnings per share (EPS) for the quarter. The business had revenue of C$37.52 million for the quarter, compared to analysts’ expectations of C$36.95 million. On average, sell-side analysts forecast that K-Bro Linen Inc. will post 1.05 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Saturday, October 31st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $1.20 dividend on an annualized basis and a yield of 4.00%. K-Bro Linen Inc. (KBL.TO)’s dividend payout ratio is currently 251.05%.
K-Bro Linen Inc. (KBL.TO) 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, tablecloths, surgical gowns, and drapes and other linens.
See Also: Buy-Side Analysts
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