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TSE:KBL

K-Bro Linen - KBL Stock Forecast, Price & News

C$32.75
+0.42 (+1.30%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
C$31.78
C$32.85
50-Day Range
C$30.84
C$33.24
52-Week Range
C$29.60
C$42.97
Volume
93,398 shs
Average Volume
15,806 shs
Market Capitalization
C$351.08 million
P/E Ratio
52.82
Dividend Yield
3.71%
Price Target
C$43.00

K-Bro Linen MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
31.3% Upside
C$43.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.24mentions of K-Bro Linen in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
C$26,240 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

KBL stock logo

About K-Bro Linen (TSE:KBL) Stock

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, and drapes and other linens. The company also offers other services, including bulk dock-to-dock, exchange cart preparation, cart delivery, surgical linen, distribution and control of employee uniforms, personal clothing, customer reporting, customer service visiting, and textile procurement services. In addition, it provides linen rental, workwear hire, and cleanroom garment services. K-Bro Linen Inc. was founded in 1954 and is headquartered in Edmonton, Canada.

Analyst Ratings Changes

A number of research firms have recently issued reports on KBL. National Bankshares dropped their price objective on shares of K-Bro Linen from C$38.00 to C$36.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Stifel Nicolaus dropped their price objective on shares of K-Bro Linen from C$50.00 to C$47.00 in a research note on Wednesday. Finally, Cormark dropped their price objective on shares of K-Bro Linen from C$42.00 to C$38.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$43.00.

K-Bro Linen Price Performance

Shares of TSE:KBL traded up C$0.37 during trading on Wednesday, hitting C$32.70. The company had a trading volume of 6,645 shares, compared to its average volume of 15,235. The stock has a fifty day simple moving average of C$32.18 and a two-hundred day simple moving average of C$32.85. K-Bro Linen has a fifty-two week low of C$29.60 and a fifty-two week high of C$42.97. The firm has a market capitalization of C$350.54 million and a price-to-earnings ratio of 52.74. The company has a quick ratio of 0.75, a current ratio of 1.60 and a debt-to-equity ratio of 50.47.

K-Bro Linen (TSE:KBL - Get Rating) last announced its earnings results on Thursday, May 12th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.13). The firm had revenue of C$61.43 million for the quarter, compared to analyst estimates of C$59.16 million. On average, research analysts expect that K-Bro Linen will post 1.8999999 earnings per share for the current year.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 15th. Stockholders of record on Sunday, July 31st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $1.20 annualized dividend and a dividend yield of 3.67%. K-Bro Linen's dividend payout ratio (DPR) is 193.55%.

Insider Activity

In related news, Senior Officer Ryo Utahara sold 800 shares of the business's stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of C$32.80, for a total transaction of C$26,240.00. Following the transaction, the insider now directly owns 2,732 shares in the company, valued at C$89,609.60.

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KBL Stock News Headlines

K-Bro Declares June 2022 Dividend
K-Bro Linen Inc. (KBL)
K-Bro Declares February 2022 Dividend
K-Bro Declares January 2022 Dividend
K-Bro Linen (TSE:KBL) Will Pay A Dividend Of CA$0.10
K-Bro Declares December 2021 Dividend
K-Bro Linen's (TSE:KBL) Dividend Will Be CA$0.10
K-Bro Declares October 2021 Dividend
K-Bro Declares September 2021 Dividend
Italy Warns U.K.: America Is Feeding You Counterfeit Pasta
See More Headlines
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KBL Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Ex-Dividend for 8/15 Dividend
7/28/2022
Today
8/11/2022
Dividend Payable
8/15/2022
Next Earnings (Estimated)
11/14/2022

Industry, Sector and Symbol

Industry
Business Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,550
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$43.00
High Stock Price Forecast
C$47.00
Low Stock Price Forecast
C$36.00
Forecasted Upside/Downside
+31.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$237.81 million
Cash Flow
C$0.11 per share
Book Value
C$17.01 per share

Miscellaneous

Free Float
N/A
Market Cap
C$351.08 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Ms. Linda Jane McCurdy M.B.A. (Age 54)
    MBA, Pres, CEO & Director
    Comp: $1.27M
  • Ms. Kristie L. Plaquin C.A.
    CPA, CPA, CA, Chief Financial Officer
  • Mr. Sean P. Curtis
    Sr. VP, COO & GM
  • Mr. Sean L. Jackson
    Gen. Mang. of Regina
  • Mr. Michael W. Jones
    Managing Director of Fishers Services Limited
  • Mr. Timothy Douglas Bruns
    Pres of Unitrin Specialty
  • Mr. Ronald J. Graham
    Gen. Mang. of Vancouver Plant
  • Mr. Jeffrey R. Gannon
    Gen. Mang. of Calgary Plant
  • Mr. Kevin J. Stephenson
    Gen. Mang. of Toronto
  • Ms. Jessica Lévesque
    Director Général of Quebec













KBL Stock - Frequently Asked Questions

Should I buy or sell K-Bro Linen stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for K-Bro Linen in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" KBL shares.
View KBL analyst ratings
or view top-rated stocks.

What is K-Bro Linen's stock price forecast for 2022?

6 brokerages have issued 12-month target prices for K-Bro Linen's shares. Their KBL share price forecasts range from C$36.00 to C$47.00. On average, they anticipate the company's stock price to reach C$43.00 in the next year. This suggests a possible upside of 31.3% from the stock's current price.
View analysts price targets for KBL
or view top-rated stocks among Wall Street analysts.

How have KBL shares performed in 2022?

K-Bro Linen's stock was trading at C$34.20 on January 1st, 2022. Since then, KBL shares have decreased by 4.2% and is now trading at C$32.75.
View the best growth stocks for 2022 here
.

When is K-Bro Linen's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our KBL earnings forecast
.

How often does K-Bro Linen pay dividends? What is the dividend yield for K-Bro Linen?

K-Bro Linen declared a monthly dividend on Friday, July 15th. Investors of record on Sunday, July 31st will be given a dividend of 0.10 per share on Monday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Thursday, July 28th.
Read our dividend analysis for KBL
.

Is K-Bro Linen a good dividend stock?

K-Bro Linen (TSE:KBL) pays an annual dividend of C$1.20 per share and currently has a dividend yield of 3.71%. The dividend payout ratio is 193.55%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for KBL.

What other stocks do shareholders of K-Bro Linen own?

Based on aggregate information from My MarketBeat watchlists, some companies that other K-Bro Linen investors own include Walt Disney (DIS), Mastercard (MA), Broadcom (AVGO), Bank of Nova Scotia (BNS), Visa (V), Verizon Communications (VZ), Cargojet (CJT), Canadian National Railway (CNR), Enterprise Products Partners (EPD) and Home Depot (HD).

What is K-Bro Linen's stock symbol?

K-Bro Linen trades on the Toronto Stock Exchange (TSX) under the ticker symbol "KBL."

How do I buy shares of K-Bro Linen?

Shares of KBL stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is K-Bro Linen's stock price today?

One share of KBL stock can currently be purchased for approximately C$32.75.

How much money does K-Bro Linen make?

K-Bro Linen (TSE:KBL) has a market capitalization of C$351.08 million and generates C$237.81 million in revenue each year.

How many employees does K-Bro Linen have?

The company employs 2,550 workers across the globe.

How can I contact K-Bro Linen?

K-Bro Linen's mailing address is 14903 137 Ave NW, EDMONTON, AB T5V 1R9, Canada. The official website for the company is www.k-brolinen.com. The company can be reached via phone at +1-780-4535218.

This page (TSE:KBL) was last updated on 8/11/2022 by MarketBeat.com Staff

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