K-Bro Linen (TSE:KBL) Stock Price Expected to Rise, TD Securities Analyst Says

K-Bro Linen (TSE:KBLFree Report) had its target price increased by TD Securities from C$49.00 to C$50.00 in a report issued on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on KBL. Cormark lowered K-Bro Linen from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, June 4th. Stifel Nicolaus raised their price objective on K-Bro Linen from C$46.00 to C$50.00 in a research note on Friday. Raymond James raised their price objective on K-Bro Linen from C$45.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 3rd. Finally, Acumen Capital raised their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, March 24th.

View Our Latest Analysis on KBL

K-Bro Linen Stock Performance

Shares of TSE KBL opened at C$35.65 on Friday. The stock has a fifty day moving average price of C$35.14 and a two-hundred day moving average price of C$35.77. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08. The firm has a market cap of C$374.07 million, a P/E ratio of 19.95, a PEG ratio of 3.50 and a beta of 1.08. 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. Stockholders 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%.

K-Bro Linen Company Profile

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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.

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