K-Bro Linen Inc. (TSE:KBL - Get Free Report) declared a jul 25 dividend on Tuesday, July 15th, RTT News reports. Shareholders of record on Thursday, July 31st will be paid a dividend of 0.10 per share on Friday, August 15th.
K-Bro Linen Stock Performance
TSE KBL traded down C$0.20 during trading on Friday, hitting C$34.22. The company's stock had a trading volume of 25,415 shares, compared to its average volume of 14,109. The company has a quick ratio of 0.87, a current ratio of 2.08 and a debt-to-equity ratio of 102.23. The firm has a 50 day moving average price of C$34.94 and a 200 day moving average price of C$35.16. The firm has a market cap of C$359.07 million, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 52 week low of C$32.03 and a 52 week high of C$40.03.
Wall Street Analysts Forecast Growth
Several brokerages have commented on KBL. Raymond James Financial lifted their price target on K-Bro Linen from C$45.00 to C$48.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Cormark lowered K-Bro Linen from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 4th. Acumen Capital lifted their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a "buy" rating in a report on Monday, March 24th. TD Securities lifted their price objective on K-Bro Linen from C$49.00 to C$50.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Finally, Stifel Nicolaus lifted their price objective on K-Bro Linen from C$46.00 to C$50.00 in a report on Friday, June 13th.
Read Our Latest Stock Report on K-Bro Linen
About K-Bro Linen
(
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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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