K-Bro Linen Lowered to Hold at Acumen Capital (KBL)
K-Bro Linen (TSE:KBL) was downgraded by stock analysts at Acumen Capital from a “buy” rating to a “hold” rating in a report issued on Monday, American Banking News.com reports.
K-Bro Linen (TSE:KBL) traded up 0.03% on Monday, hitting $39.01. The stock had a trading volume of 117,803 shares. K-Bro Linen has a 1-year low of $31.39 and a 1-year high of $40.55. The stock has a 50-day moving average of $39. and a 200-day moving average of $38.00. The company has a price-to-earnings ratio of 24.84.
K-Bro Linen (TSE:KBL) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.02.
The company also recently announced a apr 14 dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.0958 per share. This represents a dividend yield of 2.86%. The ex-dividend date is Monday, April 28th.
KBL has been the subject of a number of other recent research reports. Analysts at National Bank Financial downgraded shares of K-Bro Linen from an “outperform” rating to a “sector perform” rating in a research note on Friday. Analysts at TD Securities upgraded shares of K-Bro Linen from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. They now have a C$44.00 price target on the stock, up previously from C$38.00. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$41.88.
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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