K-Bro Linen (TSE:KBL) Reaches New 1-Year High – Time to Buy?

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. TD Securities lifted their target price on shares of K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday, November 15th. Stifel Nicolaus lifted their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday, November 15th.

K-Bro Linen Stock Performance

The firm has a fifty day moving average of C$35.23 and a 200 day moving average of C$34.75. 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 market capitalization of C$418.61 million, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08.

K-Bro Linen Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders 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 3.00%. The ex-dividend date was Thursday, October 31st. K-Bro Linen’s dividend payout ratio (DPR) is 74.07%.

Insider Buying and Selling

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total value of C$39,611.00. 3.25% of the stock is currently owned by insiders.

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.