K-Bro Linen (TSE:KBL) Given a C$51.00 Price Target by National Bank Financial Analysts

Key Points

• National Bank Financial42.74% upside from the current price.
• K-Bro shares traded at C$35.73 with a market cap of C$460.99M and a P/E of 23.66, but the company shows high leverage (debt-to-equity of 116.99) and a recent volume spike above average.
• In the most recent quarter K-Bro reported C$0.55 EPS on C$146.79M revenue (ROE 7.09%, net margin 3.55%), analysts forecast roughly C$2.34 EPS for the year; the company supplies laundry and linen services to healthcare and hospitality in Canada and the UK.

K-Bro Linen (TSE:KBL - Get Free Report) has been given a C$51.00 price target by stock analysts at National Bank Financial in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's target price points to a potential upside of 42.74% from the company's current price.

K-Bro Linen Stock Performance

KBL traded up C$0.91 on Friday, hitting C$35.73. The company had a trading volume of 73,513 shares, compared to its average volume of 18,967. The company's fifty day moving average price is C$35.23 and its 200 day moving average price is C$35.55. K-Bro Linen has a 1-year low of C$33.30 and a 1-year high of C$39.43. The company has a debt-to-equity ratio of 116.99, a current ratio of 1.88 and a quick ratio of 0.87. The stock has a market cap of C$460.99 million, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 3.50 and a beta of 0.55.

K-Bro Linen (TSE:KBL - Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported C$0.55 earnings per share for the quarter. The firm had revenue of C$146.79 million during the quarter. K-Bro Linen had a return on equity of 7.09% and a net margin of 3.55%. Equities analysts predict that K-Bro Linen will post 2.3389262 earnings per share for the current fiscal year.

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. 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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