K-Bro Linen (TSE:KBL) Hits New 1-Year High – What’s Next?

Posted by Amy Steele on Dec 11th, 2024

Shares of K-Bro Linen Inc. (TSE:KBL – Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$40.02 and last traded at C$40.02, with a volume of 16917 shares trading hands. The stock had previously closed at C$39.53.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KBL. TD Securities boosted their price target on K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday, November 15th. Stifel Nicolaus boosted their price target on K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday, November 15th.

Get Our Latest Research Report on K-Bro Linen

K-Bro Linen Stock Performance

The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. The stock has a 50-day simple moving average of C$35.44 and a 200-day simple moving average of C$34.84. The stock has a market cap of C$410.66 million, a P/E ratio of 24.55, a PEG ratio of 3.50 and a beta of 1.08.

K-Bro Linen Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Thursday, October 31st. K-Bro Linen’s dividend payout ratio is presently 74.07%.

Insider Buying and Selling at K-Bro Linen

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

K-Bro Linen Company Profile

(Get Free Report)

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.