K-Bro Linen Inc. (TSE:KBL) Receives Consensus Rating of “Buy” from Brokerages

Shares of K-Bro Linen Inc. (TSE:KBL – Get Rating) have received a consensus rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$43.86.

A number of analysts have commented on the stock. Laurentian Bank of Canada reduced their target price on shares of K-Bro Linen to C$45.00 and set a “buy” rating for the company in a report on Thursday, March 17th. Acumen Capital dropped their price target on shares of K-Bro Linen from C$52.00 to C$44.00 and set a “buy” rating for the company in a research report on Thursday, March 17th. Raymond James dropped their price target on shares of K-Bro Linen from C$50.00 to C$47.00 and set a “strong-buy” rating for the company in a research report on Thursday, March 17th. Cormark dropped their price target on shares of K-Bro Linen from C$57.00 to C$42.00 and set a “market perform” rating for the company in a research report on Thursday, March 17th. Finally, TD Securities dropped their target price on shares of K-Bro Linen from C$49.00 to C$42.00 and set a “buy” rating for the company in a research report on Thursday, March 17th.

KBL opened at C$33.15 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.70 and a debt-to-equity ratio of 50.92. The firm has a 50 day moving average price of C$33.59 and a 200-day moving average price of C$35.09. K-Bro Linen has a twelve month low of C$29.69 and a twelve month high of C$47.22. The stock has a market capitalization of C$355.37 million and a price-to-earnings ratio of 40.77.

K-Bro Linen (TSE:KBL – Get Rating) last announced its earnings results on Tuesday, March 15th. The company reported C$0.14 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.09 by C$0.05. The business had revenue of C$62.21 million for the quarter, compared to analysts’ expectations of C$57.54 million. As a group, analysts expect that K-Bro Linen will post 1.9499999 earnings per share for the current year.

The company also recently announced a monthly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, February 28th were paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Friday, February 25th. K-Bro Linen’s dividend payout ratio is currently 147.60%.

About K-Bro Linen (Get Rating)

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.

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