TD Securities Forecasts Strong Price Appreciation for K-Bro Linen (TSE:KBL) Stock

K-Bro Linen (TSE:KBL - Free Report) had its price objective lifted by TD Securities from C$46.00 to C$48.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

Separately, Raymond James lifted their price target on shares of K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th.

K-Bro Linen Stock Performance

Shares of TSE:KBL traded up C$0.05 during trading on Friday, hitting C$34.82. The company's stock had a trading volume of 6,100 shares, compared to its average volume of 11,257. 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 cap of C$364.22 million, a price-to-earnings ratio of 21.49, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a 50-day moving average of C$34.70 and a 200-day moving average of C$34.49. K-Bro Linen has a 12 month low of C$30.69 and a 12 month high of C$37.74.

K-Bro Linen Dividend Announcement

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

Insiders Place Their Bets

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total transaction of C$39,611.00. 3.25% of the stock is owned by company insiders.

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.