K-Bro Linen (TSE:KBL) Sets New 1-Year High at $36.89

K-Bro Linen Inc. (TSE:KBL)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$36.89 and last traded at C$36.59, with a volume of 25047 shares trading hands. The stock had previously closed at C$35.24.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Acumen Capital lifted their target price on K-Bro Linen from C$46.00 to C$47.50 and gave the company a “buy” rating in a report on Wednesday, May 1st. TD Securities raised their price target on K-Bro Linen from C$45.00 to C$46.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th.

K-Bro Linen Price Performance

The stock has a 50-day moving average price of C$33.07 and a 200 day moving average price of C$34.09. The company has a debt-to-equity ratio of 68.49, a current ratio of 1.64 and a quick ratio of 0.87. The firm has a market cap of C$382.73 million, a price-to-earnings ratio of 22.59, a PEG ratio of 3.50 and a beta of 1.10.

K-Bro Linen (TSE:KBL) last posted its earnings results on Monday, May 6th. The company reported C$0.17 EPS for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.12). K-Bro Linen had a return on equity of 9.90% and a net margin of 5.27%. The firm had revenue of C$80.23 million for the quarter, compared to analyst estimates of C$77.77 million. As a group, equities research analysts forecast that K-Bro Linen Inc. will post 1.9474586 earnings per share for the current fiscal year.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, July 31st. K-Bro Linen’s payout ratio is currently 74.07%.

Insiders Place Their Bets

In other K-Bro Linen news, Senior Officer Ryo Utahara sold 1,400 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$32.40, for a total transaction of C$45,360.00. Corporate insiders own 3.14% of the company’s stock.

K-Bro Linen Company Profile

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.