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

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

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

K-Bro Linen Stock Up 1.5 %

Shares of TSE:KBL opened at C$35.06 on Wednesday. The company has a market capitalization of C$370.93 million, a PE ratio of 21.38, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11. 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 business has a fifty day moving average price of C$34.61 and a two-hundred day moving average price of C$33.90. 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 announced 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 during 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%. Analysts forecast that K-Bro Linen will post 2.0010983 earnings per share for the current year.

K-Bro Linen Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.20 annualized dividend and a dividend yield of 3.42%. K-Bro Linen’s payout ratio is 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.