K-Bro Linen (TSE:KBL) Given New C$46.00 Price Target at Stifel Nicolaus

K-Bro Linen (TSE:KBL) had its price objective boosted by Stifel Nicolaus from C$45.00 to C$46.00 in a research note published on Friday morning,BayStreet.CA reports.

Several other equities analysts have also weighed in on KBL. TD Securities increased their price objective on K-Bro Linen from C$46.00 to C$48.00 in a report on Friday. Raymond James increased their target price on K-Bro Linen from C$40.00 to C$45.00 in a research report on Thursday, August 8th.

K-Bro Linen Stock Performance

Shares of TSE KBL traded up C$0.05 during mid-day trading on Friday, reaching C$34.82. 6,100 shares of the company’s stock were exchanged, compared to its average volume of 11,257. The firm has a 50-day moving average price of C$34.70 and a two-hundred day moving average price of C$34.50. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. The firm has a market capitalization of C$364.22 million, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 52 week low of C$30.69 and a 52 week high of C$37.74.

K-Bro Linen Dividend Announcement

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

Insider Buying and Selling

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen stock in a transaction on Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total transaction of C$39,611.00. 3.25% of the stock is currently owned by company insiders.

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.