K-Bro Linen (TSE:KBL) Price Target Raised to C$45.00

K-Bro Linen (TSE:KBL) had its price target lifted by TD Securities from C$43.00 to C$45.00 in a report issued on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

K-Bro Linen Stock Performance

KBL stock opened at C$34.55 on Monday. The company has a market capitalization of C$369.34 million, a P/E ratio of 27.42, a PEG ratio of 3.50 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 1.76 and a debt-to-equity ratio of 59.54. The company has a 50-day simple moving average of C$34.05 and a 200 day simple moving average of C$33.29. K-Bro Linen has a fifty-two week low of C$26.90 and a fifty-two week high of C$35.70.

K-Bro Linen Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.20 annualized dividend and a yield of 3.47%. K-Bro Linen’s payout ratio is 95.24%.

About K-Bro Linen

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.