K-Bro Linen Plans Jan 14 Dividend of C$0.10 (KBL)
K-Bro Linen (TSE:KBL) announced a jan 14 dividend on Wednesday, January 15th, StockRatingsNetwork.com reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.0958 per share on Friday, February 14th.
Several analysts have recently commented on the stock. Analysts at LB Securities raised their price target on shares of K-Bro Linen from C$40.00 to C$42.50 in a research note to investors on Monday, December 16th. On a related note, analysts at TD Securities raised their price target on shares of K-Bro Linen from C$34.00 to C$38.00 in a research note to investors on Monday, December 16th. They now have a “hold” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of K-Bro Linen from C$38.50 to C$41.00 in a research note to investors on Friday, December 13th. They now have a “sector perform” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$39.13.
Shares of K-Bro Linen (TSE:KBL) opened at 39.90 on Friday. K-Bro Linen has a 52-week low of $29.33 and a 52-week high of $40.50. The stock’s 50-day moving average is $38.51 and its 200-day moving average is $35.28. The company has a P/E ratio of 25.16.
K-Bro Linen Inc (TSE:KBL), formerly K-Bro Linen Income Fund (the Fund) is an operator of laundry and linen processing facilities in Canada.
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