K-Bro Linen (TSE:KBL) Price Target Raised to C$50.00 at Stifel Nicolaus

K-Bro Linen (TSE:KBL - Free Report) had its target price lifted by Stifel Nicolaus from C$46.00 to C$50.00 in a report issued on Friday morning,BayStreet.CA reports.

KBL has been the topic of a number of other reports. Acumen Capital increased their price target on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Cormark lowered K-Bro Linen from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 4th. Raymond James raised their target price on K-Bro Linen from C$45.00 to C$48.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Finally, TD Securities lifted their price target on K-Bro Linen from C$48.00 to C$49.00 and gave the company a "buy" rating in a report on Monday, March 24th.

K-Bro Linen Price Performance

Shares of TSE:KBL traded down C$0.79 on Friday, hitting C$34.86. The stock had a trading volume of 31,248 shares, compared to its average volume of 12,304. The firm's 50 day moving average price is C$35.18 and its 200-day moving average price is C$35.75. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08. K-Bro Linen has a twelve month low of C$30.69 and a twelve month high of C$40.03. The company has a market capitalization of C$365.78 million, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08.

K-Bro Linen Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.10 dividend. K-Bro Linen's dividend payout ratio (DPR) is presently 67.15%.

K-Bro Linen Company Profile

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.