TD Securities Boosts K-Bro Linen (TSE:KBL) Price Target to C$49.00

K-Bro Linen (TSE:KBL) had its price objective hoisted by equities researchers at TD Securities from C$48.00 to C$49.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 42.03% from the company’s previous close.

Separately, Acumen Capital boosted their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday.

K-Bro Linen Stock Up 0.3 %

Shares of KBL traded up C$0.10 during trading hours on Monday, reaching C$34.50. The stock had a trading volume of 5,718 shares, compared to its average volume of 8,063. The company has a market capitalization of C$362.01 million, a price-to-earnings ratio of 19.31, a P/E/G ratio of 3.50 and a beta of 1.08. The firm has a 50-day simple moving average of C$35.19 and a 200 day simple moving average of C$35.77. The company has a current ratio of 2.08, a quick ratio of 0.87 and a debt-to-equity ratio of 102.23. K-Bro Linen has a 12 month low of C$30.69 and a 12 month high of C$40.03.

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.