K-Bro Linen (TSE:KBL) Downgraded to "Hold" Rating by Cormark

K-Bro Linen (TSE:KBL - Get Free Report) was downgraded by analysts at Cormark from a "moderate buy" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports. Cormark also issued estimates for K-Bro Linen's FY2025 earnings at $2.54 EPS, FY2026 earnings at $3.17 EPS and FY2027 earnings at $3.73 EPS.

A number of other equities research analysts have also recently weighed in on the stock. TD Securities upped their price objective on shares of K-Bro Linen from C$48.00 to C$49.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Acumen Capital upped their price objective on shares of K-Bro Linen from C$50.00 to C$52.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Finally, Raymond James upped their target price on shares of K-Bro Linen from C$45.00 to C$48.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd.

K-Bro Linen Trading Up 1.0%

Shares of KBL stock traded up C$0.36 during mid-day trading on Wednesday, reaching C$35.20. The stock had a trading volume of 12,837 shares, compared to its average volume of 11,304. The stock's 50-day moving average price is C$34.96 and its two-hundred day moving average price is C$35.79. K-Bro Linen has a 52-week low of C$30.69 and a 52-week high of C$40.03. The firm has a market capitalization of C$369.35 million, a PE ratio of 19.70, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The company has a current ratio of 2.08, a quick ratio of 0.87 and a debt-to-equity ratio of 102.23.

K-Bro Linen Company Profile

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.