Brokerages Set K-Bro Linen Inc. (TSE:KBL) Target Price at C$50.40

Shares of K-Bro Linen Inc. (TSE:KBL) have earned an average rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$50.40.

Separately, Raymond James reiterated an “outperform” rating and issued a C$53.00 price target on shares of K-Bro Linen in a report on Tuesday, August 10th.

Shares of K-Bro Linen stock traded up C$1.33 on Wednesday, hitting C$39.78. The company had a trading volume of 34,580 shares, compared to its average volume of 15,011. The firm has a market capitalization of C$424.73 million and a P/E ratio of 38.53. K-Bro Linen has a twelve month low of C$26.25 and a twelve month high of C$47.22. The company has a debt-to-equity ratio of 49.94, a current ratio of 1.84 and a quick ratio of 0.97. The stock has a 50-day moving average of C$41.85 and a 200-day moving average of C$42.11.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 15th. Investors of record on Tuesday, August 31st will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 3.02%. The ex-dividend date is Monday, August 30th. K-Bro Linen’s payout ratio is 120.24%.

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, tablecloths, surgical gowns, and drapes and other linens.

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Analyst Recommendations for K-Bro Linen (TSE:KBL)

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