K-Bro Linen (TSE:KBL) Price Target Increased to C$46.00 by Analysts at TD Securities

K-Bro Linen (TSE:KBL) had its target price upped by TD Securities from C$45.00 to C$46.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, Acumen Capital upped their price objective on K-Bro Linen from C$46.00 to C$47.50 and gave the stock a buy rating in a report on Wednesday, May 1st.

K-Bro Linen Stock Up 0.5 %

KBL opened at C$35.42 on Wednesday. K-Bro Linen has a 12 month low of C$28.21 and a 12 month high of C$37.04. The business has a 50-day moving average of C$34.71 and a two-hundred day moving average of C$34.04. The company has a debt-to-equity ratio of 68.49, a current ratio of 1.64 and a quick ratio of 0.87. The stock has a market capitalization of C$370.49 million, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11.

K-Bro Linen (TSE:KBL) last released its earnings results on Thursday, March 21st. The company reported C$0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.21). K-Bro Linen had a net margin of 5.27% and a return on equity of 9.90%. The company had revenue of C$82.46 million during the quarter, compared to analysts’ expectations of C$80.10 million. On average, research analysts expect that K-Bro Linen will post 2.2705128 earnings per share for the current year.

K-Bro Linen Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a yield of 3.39%. K-Bro Linen’s dividend payout ratio (DPR) is 74.07%.

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.