K-Bro Linen (TSE:KBL) PT Raised to C$46.00

K-Bro Linen (TSE:KBL) had its price target lifted by TD Securities from C$45.00 to C$46.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, Acumen Capital upped their price objective on shares of K-Bro Linen from C$46.00 to C$47.50 and gave the stock a buy rating in a report on Wednesday, May 1st.

K-Bro Linen Stock Up 0.5 %

Shares of K-Bro Linen stock opened at C$35.42 on Wednesday. The firm has a market cap of C$370.49 million, a price-to-earnings ratio of 21.86, a P/E/G ratio of 3.50 and a beta of 1.11. The stock has a 50-day simple moving average of C$34.71 and a 200-day simple moving average of C$34.04. K-Bro Linen has a 52-week low of C$28.21 and a 52-week high of C$37.04. The company has a debt-to-equity ratio of 68.49, a current ratio of 1.64 and a quick ratio of 0.87.

K-Bro Linen (TSE:KBL) last posted its earnings results 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 analyst estimates of C$80.10 million. K-Bro Linen had a net margin of 5.27% and a return on equity of 9.90%. On average, equities research analysts expect that K-Bro Linen will post 2.2705128 earnings per share for the current fiscal year.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a yield of 3.39%. K-Bro Linen’s payout ratio is currently 74.07%.

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.