K-Bro Linen (TSE:KBL) Hits New 52-Week High - Here's Why

Key Points

• K-Bro Linen hit a new 52-week high, trading as high as C$39.50 (last C$39.42) on Monday with a volume of 7,949 shares.
• Analysts are bullish: National Bank Financial set a C$51.00 price target and an "outperform" rating, and the consensus is a Moderate Buy with an average target of C$49.75 (three Buys, one Hold).
• Solid recent results but notable leverage: market cap C$503.18M, P/E 25.83, last quarter EPS C$0.55 on C$146.79M revenue, and a debt-to-equity ratio of 116.99.

K-Bro Linen Inc. (TSE:KBL - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$39.50 and last traded at C$39.42, with a volume of 7949 shares. The stock had previously closed at C$39.28.

Analyst Upgrades and Downgrades

Separately, National Bank Financial set a C$51.00 price objective on shares of K-Bro Linen and gave the company an "outperform" rating in a research note on Friday, April 10th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$49.75.

K-Bro Linen Price Performance

The stock has a market capitalization of C$503.18 million, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 3.50 and a beta of 0.57. The business's 50 day simple moving average is C$36.13 and its two-hundred day simple moving average is C$35.70. The company has a quick ratio of 0.87, a current ratio of 1.88 and a debt-to-equity ratio of 116.99.

K-Bro Linen (TSE:KBL - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The company reported C$0.55 earnings per share for the quarter. K-Bro Linen had a net margin of 3.55% and a return on equity of 7.09%. The firm had revenue of C$146.79 million for the quarter. As a group, sell-side analysts forecast that K-Bro Linen Inc. 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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