K-Bro Linen (TSE:KBL) Sets New 1-Year High – Should You Buy?

K-Bro Linen Inc. (TSE:KBL)’s share price hit a new 52-week high on Monday . The company traded as high as C$38.19 and last traded at C$38.50, with a volume of 7343 shares changing hands. The stock had previously closed at C$38.15.

Analysts Set New Price Targets

KBL has been the subject of a number of research reports. Raymond James upped their price objective on K-Bro Linen from C$40.00 to C$45.00 in a research report on Thursday, August 8th. Stifel Nicolaus boosted their price target on K-Bro Linen from C$45.00 to C$46.00 in a report on Friday, November 15th. Finally, TD Securities raised their price objective on K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday, November 15th.

K-Bro Linen Stock Up 1.6 %

The firm has a market capitalization of C$405.33 million, a P/E ratio of 23.45, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. The company has a 50 day simple moving average of C$34.86 and a two-hundred day simple moving average of C$34.61.

K-Bro Linen Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Thursday, October 31st. K-Bro Linen’s dividend payout ratio (DPR) is presently 74.07%.

Insider Activity

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total transaction of C$39,611.00. Company insiders own 3.25% 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.