K-Bro Linen Inc. (TSE:KBL) Stock Now Rated "Buy" by Sell-Side Brokerages

Key Points

• K-Bro Linen has a consensus “Buy” rating from six analysts: five recommend buying and one gives a strong-buy rating. The average 12-month price target is C$53.17.
• Several brokerages recently raised their price targets, including ATB Cormark to C$55 and Raymond James, Stifel Nicolaus, and National Bank Financial to C$54.
• The company reported quarterly EPS of C$0.78 on revenue of C$150.36 million, while shares opened at C$41.02 and had recently traded between C$33.61 and C$48.69 over the prior year.

K-Bro Linen Inc. (TSE:KBL - Get Free Report) has been given a consensus rating of "Buy" by the six analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$53.17.

A number of research firms recently issued reports on KBL. TD Securities upgraded shares of K-Bro Linen to a "strong-buy" rating in a research report on Friday, July 24th. Raymond James Financial boosted their target price on K-Bro Linen from C$50.00 to C$54.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. ATB Cormark Capital Markets upped their price target on K-Bro Linen from C$50.00 to C$55.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Stifel Nicolaus raised their price objective on K-Bro Linen from C$52.00 to C$54.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, National Bank Financial upped their target price on K-Bro Linen from C$51.00 to C$54.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 28th.

K-Bro Linen Price Performance

Shares of TSE KBL opened at C$41.02 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.85 and a debt-to-equity ratio of 113.71. The company has a market capitalization of C$527.76 million, a PE ratio of 23.99, a P/E/G ratio of 3.50 and a beta of 0.91. The firm has a fifty day simple moving average of C$45.19 and a 200 day simple moving average of C$41.64. K-Bro Linen has a twelve month low of C$33.61 and a twelve month high of C$48.69.

K-Bro Linen (TSE:KBL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$0.78 earnings per share (EPS) for the quarter. The company had revenue of C$150.36 million for the quarter. K-Bro Linen had a return on equity of 7.89% and a net margin of 3.67%. On average, sell-side analysts forecast that K-Bro Linen will post 2.3389262 EPS for the current year.

About K-Bro Linen

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.

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