K-Bro Linen (TSE:KBL) Price Target Lowered to C$34.50 at National Bankshares

K-Bro Linen (TSE:KBLGet Rating) had its price target reduced by National Bankshares from C$36.00 to C$34.50 in a report released on Monday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other research firms also recently weighed in on KBL. Stifel Nicolaus decreased their price objective on K-Bro Linen from C$47.00 to C$45.00 in a report on Friday. Cormark lowered their price target on K-Bro Linen from C$42.00 to C$38.00 in a report on Wednesday, August 10th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$42.56.

K-Bro Linen Stock Performance

Shares of TSE:KBL opened at C$28.06 on Monday. The company has a debt-to-equity ratio of 55.28, a quick ratio of 0.94 and a current ratio of 1.78. The firm has a market cap of C$302.35 million and a PE ratio of 62.36. The firm’s 50 day simple moving average is C$29.40 and its 200-day simple moving average is C$31.10. K-Bro Linen has a one year low of C$26.53 and a one year high of C$37.99.

K-Bro Linen Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 4.28%. K-Bro Linen’s payout ratio is 266.67%.

Insider Buying and Selling at K-Bro Linen

In other K-Bro Linen news, Director Matthew Bruce Hills bought 3,000 shares of K-Bro Linen stock in a transaction dated Thursday, September 22nd. The stock was acquired at an average cost of C$30.11 per share, with a total value of C$90,342.00. Following the purchase, the director now directly owns 21,228 shares in the company, valued at approximately C$639,259.99.

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.

Featured Stories

Analyst Recommendations for K-Bro Linen (TSE:KBL)

Receive News & Ratings for K-Bro Linen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K-Bro Linen and related companies with MarketBeat.com's FREE daily email newsletter.