K-Bro Linen Inc. (TSE:KBL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$35.99 and last traded at C$35.91, with a volume of 3156 shares traded. The stock had previously closed at C$35.49.
Analyst Ratings Changes
Separately, TD Securities lifted their price target on shares of 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.
Read Our Latest Research Report on KBL
K-Bro Linen Trading Up 1.1 %
The firm has a market cap of C$379.72 million, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11. The business's 50 day moving average is C$34.11 and its 200-day moving average is C$33.35. The company has a quick ratio of 0.87, a current ratio of 1.73 and a debt-to-equity ratio of 70.83.
K-Bro Linen Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Wednesday, March 27th. K-Bro Linen's dividend payout ratio (DPR) is 73.17%.
About K-Bro Linen
(
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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.
Further Reading
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