K-Bro Linen (TSE:KBL - Get Free Report) had its price target boosted by TD Securities from C$45.00 to C$46.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 29.87% from the stock's previous close.
Separately, Acumen Capital boosted their price target on K-Bro Linen from C$46.00 to C$47.50 and gave the stock a "buy" rating in a research report on Wednesday, May 1st.
Check Out Our Latest Stock Analysis on K-Bro Linen
K-Bro Linen Trading Up 0.5 %
Shares of TSE KBL traded up C$0.17 during trading hours on Wednesday, hitting C$35.42. The company's stock had a trading volume of 76,158 shares, compared to its average volume of 11,962. The business has a 50-day simple moving average of C$34.67 and a 200-day simple moving average of C$34.03. The company has a debt-to-equity ratio of 70.83, a quick ratio of 0.87 and a current ratio of 1.73. The stock has a market cap of C$374.74 million, a price-to-earnings ratio of 21.52, a P/E/G ratio of 3.50 and a beta of 1.11. K-Bro Linen has a 12 month low of C$28.21 and a 12 month high of C$37.04.
K-Bro Linen (TSE:KBL - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The company reported C$0.40 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.21). The firm had revenue of C$82.46 million for the quarter, compared to the consensus estimate of C$80.10 million. K-Bro Linen had a net margin of 5.49% and a return on equity of 10.03%. On average, analysts anticipate that K-Bro Linen will post 2.0010983 earnings per share for the current fiscal year.
About K-Bro Linen
(
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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.
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