Acumen Capital Raises K-Bro Linen (TSE:KBL) Price Target to C$47.50

K-Bro Linen (TSE:KBL) had its target price hoisted by Acumen Capital from C$46.00 to C$47.50 in a research report released on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, TD Securities lifted their price target on K-Bro Linen from C$43.00 to C$45.00 and gave the company a buy rating in a report on Monday, March 25th.

K-Bro Linen Stock Down 0.4 %

Shares of K-Bro Linen stock opened at C$34.76 on Wednesday. The company has a debt-to-equity ratio of 70.83, a current ratio of 1.73 and a quick ratio of 0.87. The stock has a market cap of C$367.76 million, a price-to-earnings ratio of 21.20, a PEG ratio of 3.50 and a beta of 1.11. The firm’s 50-day moving average is C$34.64 and its two-hundred day moving average is C$33.93. K-Bro Linen has a 1 year low of C$28.21 and a 1 year high of C$37.04.

K-Bro Linen (TSE:KBL) last released its quarterly earnings data on Thursday, March 21st. The company reported C$0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.21). The business had revenue of C$82.46 million for the quarter, compared to the consensus estimate of C$80.10 million. K-Bro Linen had a net margin of 5.49% and a return on equity of 10.03%. As a group, research analysts expect that K-Bro Linen will post 2.0010983 earnings per share for the current fiscal year.

K-Bro Linen Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Monday, April 29th. K-Bro Linen’s payout ratio is currently 73.17%.

K-Bro Linen Company Profile

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.