K-Bro Linen (TSE:KBL) Given New C$50.00 Price Target at Stifel Nicolaus

K-Bro Linen (TSE:KBL) had its price objective hoisted by Stifel Nicolaus from C$46.00 to C$50.00 in a report published on Friday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. Cormark cut K-Bro Linen from a “moderate buy” rating to a “hold” rating in a report on Wednesday, June 4th. Raymond James raised their price target on K-Bro Linen from C$45.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 3rd. Acumen Capital raised their price target on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Finally, TD Securities raised their price target on K-Bro Linen from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Monday, March 24th.

K-Bro Linen Stock Performance

KBL opened at C$35.65 on Friday. The stock has a market cap of C$374.07 million, a P/E ratio of 19.95, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 102.23, a current ratio of 2.08 and a quick ratio of 0.87. The stock’s 50 day simple moving average is C$35.14 and its 200 day simple moving average is C$35.77. K-Bro Linen has a 1-year low of C$30.69 and a 1-year high of C$40.03.

K-Bro Linen Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.10 per share. K-Bro Linen’s dividend payout ratio is presently 67.15%.

About K-Bro Linen

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play.