Free Trial

K-Bro Linen (TSE:KBL) Price Target Raised to C$50.00 at TD Securities

K-Bro Linen logo with Industrials background

K-Bro Linen (TSE:KBL - Get Free Report) had its price objective hoisted by stock analysts at TD Securities from C$49.00 to C$50.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 40.25% from the company's current price.

A number of other brokerages have also recently commented on KBL. Stifel Nicolaus lifted their price objective on K-Bro Linen from C$46.00 to C$50.00 in a research note on Friday. Acumen Capital lifted their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Raymond James lifted their price objective on 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. Finally, Cormark cut K-Bro Linen from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 4th.

Get Our Latest Report on K-Bro Linen

K-Bro Linen Trading Down 1.1%

Shares of K-Bro Linen stock traded down C$0.40 during trading on Friday, reaching C$35.65. 46,980 shares of the company were exchanged, compared to its average volume of 12,138. The company has a quick ratio of 0.87, a current ratio of 2.08 and a debt-to-equity ratio of 102.23. K-Bro Linen has a twelve month low of C$30.69 and a twelve month high of C$40.03. The business has a 50-day moving average price of C$35.14 and a 200-day moving average price of C$35.78. The firm has a market capitalization of C$374.07 million, a price-to-earnings ratio of 19.95, a P/E/G ratio of 3.50 and a beta of 1.08.

K-Bro Linen Company Profile

(Get Free Report)

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.

Read More

Should You Invest $1,000 in K-Bro Linen Right Now?

Before you consider K-Bro Linen, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and K-Bro Linen wasn't on the list.

While K-Bro Linen currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir at All-Time Highs: Take Profits or Hold the Line?
3 Tech Stocks Insiders Are Buying: Speculative Plays for June
3 Defense Stocks Set to Crush the S&P This Summer

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines