K-Bro Linen (TSE:KBL - Get Free Report) had its price target hoisted by stock analysts at TD Securities from C$49.00 to C$50.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' target price points to a potential upside of 43.43% from the company's previous close.
Several other equities analysts have also recently weighed in on KBL. Stifel Nicolaus lifted their price objective on K-Bro Linen from C$46.00 to C$50.00 in a report on Friday. Acumen Capital increased 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 research report on Monday, March 24th. Raymond James boosted their price objective on shares of K-Bro Linen from C$45.00 to C$48.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Cormark cut K-Bro Linen from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 4th.
Check Out Our Latest Analysis on K-Bro Linen
K-Bro Linen Trading Down 2.2%
KBL stock traded down C$0.79 during midday trading on Friday, hitting C$34.86. 31,248 shares of the company's stock were exchanged, compared to its average volume of 12,304. K-Bro Linen has a one year low of C$30.69 and a one year high of C$40.03. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08. The company has a market cap of C$365.78 million, a PE ratio of 19.51, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The stock's fifty day moving average price is C$35.18 and its 200-day moving average price is C$35.75.
About K-Bro Linen
(
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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.
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