K-Bro Linen (TSE:KBL) Hits New 12-Month High at $42.43

Shares of K-Bro Linen Inc (TSE:KBL) reached a new 52-week high during trading on Thursday . The stock traded as high as C$42.43 and last traded at C$41.88, with a volume of 6270 shares trading hands. The stock had previously closed at C$41.14.

A number of research firms recently commented on KBL. Raymond James reaffirmed an “outperform” rating and set a C$45.00 price target on shares of K-Bro Linen in a research report on Tuesday, November 12th. Cormark boosted their price objective on shares of K-Bro Linen from C$47.00 to C$50.00 in a report on Friday, August 9th.

The company has a debt-to-equity ratio of 58.57, a current ratio of 1.74 and a quick ratio of 1.02. The business’s 50-day moving average price is C$38.49 and its two-hundred day moving average price is C$38.93. The company has a market capitalization of $434.44 million and a price-to-earnings ratio of 45.84.

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Wednesday, October 30th. K-Bro Linen’s dividend payout ratio is currently 130.29%.

K-Bro Linen Company Profile (TSE:KBL)

K-Bro Linen Inc, together with its subsidiaries, engages in the processing, management, and distribution of general linen and operating room linen to healthcare institutions, hotels, and other commercial accounts in Canada. The company also offers other services, including bulk dock-to-dock, exchange cart preparation, delivery of carts, surgical linen, distribution and control of employee uniforms, personal clothing, customer reporting, customer service visiting, and textile procurement services.

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