K-Bro Linen (TSE:KBL) Hits New 1-Year High at $37.04

K-Bro Linen Inc. (TSE:KBL - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$37.04 and last traded at C$36.98, with a volume of 18960 shares traded. The stock had previously closed at C$36.44.

Analyst Ratings Changes

Separately, TD Securities raised 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 %

The business has a 50 day moving average of C$34.18 and a 200-day moving average of C$33.42. The stock has a market cap of C$391.46 million, a PE ratio of 22.56, a P/E/G ratio of 3.50 and a beta of 1.11. The company has a current ratio of 1.73, a quick ratio of 0.87 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. Investors of record on Sunday, March 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.24%. K-Bro Linen's dividend payout ratio is presently 73.17%.

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.