Acumen Capital Boosts K-Bro Linen (TSE:KBL) Price Target to C$47.50

K-Bro Linen (TSE:KBL - Get Free Report) had its target price lifted by research analysts at Acumen Capital from C$46.00 to C$47.50 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Acumen Capital's price target points to a potential upside of 35.48% from the company's current price.

Separately, TD Securities lifted their target price on shares of K-Bro Linen from C$43.00 to C$45.00 and gave the company a "buy" rating in a report on Monday, March 25th.

K-Bro Linen Trading Up 1.5 %

KBL stock traded up C$0.51 during trading on Wednesday, hitting C$35.06. The company had a trading volume of 4,015 shares, compared to its average volume of 8,110. The firm has a market capitalization of C$370.93 million, a P/E ratio of 21.38, a PEG ratio of 3.50 and a beta of 1.11. K-Bro Linen has a 52-week low of C$28.21 and a 52-week high of C$37.04. The company has a 50 day simple moving average of C$34.58 and a 200-day simple moving average of C$33.89. The company has a quick ratio of 0.87, a current ratio of 1.73 and a debt-to-equity ratio of 70.83.

K-Bro Linen (TSE:KBL - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The company reported C$0.40 earnings per share for the quarter, missing analysts' consensus estimates of C$0.61 by C($0.21). K-Bro Linen had a net margin of 5.49% and a return on equity of 10.03%. The firm had revenue of C$82.46 million during the quarter, compared to the consensus estimate of C$80.10 million. As a group, research analysts forecast that K-Bro Linen will post 2.0010983 earnings per share for the current fiscal year.

About K-Bro Linen

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.