K Bro Linen (TSE:KBL) had its price objective increased by TD Securities from C$45.00 to C$48.00 in a research note published on Friday morning. TD Securities currently has a buy rating on the stock.

Separately, National Bank Financial raised their price target on K Bro Linen from C$38.00 to C$40.00 and gave the company a sector perform rating in a research note on Monday, November 13th.

Shares of K Bro Linen (TSE:KBL) opened at C$42.72 on Friday. K Bro Linen has a 52 week low of C$37.39 and a 52 week high of C$45.00.

The firm also recently declared a monthly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Wednesday, November 29th. K Bro Linen’s dividend payout ratio is presently 115.38%.

In other K Bro Linen news, insider Ryo Utahara sold 650 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of C$42.50, for a total value of C$27,625.00.

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K Bro Linen Company Profile

K Bro Linen Inc is a Canada-based owner and operator of laundry and linen processing facilities. The Company provides laundry and linen services to healthcare institutions, hotels and other commercial accounts. The Company’s services include the processing, management and distribution of general and operating room linens (K Bro Operating Room (KOR) Services), including sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other types of linen.

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