K-Bro Linen Inc. (KBL.TO) – What Are Analysts Saying About This Stock?

Shares of K-Bro Linen Inc. (TSE:KBL) have received an average recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$53.17.

Several equities research analysts recently issued reports on KBL shares. TD Securities upgraded K-Bro Linen to a “strong-buy” rating in a research note on Friday, July 24th. National Bank Financial raised their price objective on K-Bro Linen from C$51.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Stifel Nicolaus lifted their price objective on K-Bro Linen from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Thursday, August 6th. ATB Cormark Capital Markets lifted their price objective on K-Bro Linen from C$50.00 to C$55.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Raymond James Financial upped their target price on K-Bro Linen from C$50.00 to C$54.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th.

K-Bro Linen Trading Up 0.8%

Shares of K-Bro Linen stock opened at C$41.60 on Tuesday. The firm has a 50-day moving average of C$43.22 and a 200-day moving average of C$42.39. The stock has a market cap of C$535.23 million, a PE ratio of 24.33, a PEG ratio of 3.50 and a beta of 0.94. K-Bro Linen has a 52-week low of C$33.61 and a 52-week high of C$48.69. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.87 and a current ratio of 1.85.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$0.78 earnings per share for the quarter. K-Bro Linen had a net margin of 3.67% and a return on equity of 7.89%. The business had revenue of C$150.36 million during the quarter. As a group, sell-side analysts forecast that K-Bro Linen will post 2.34 EPS for the current 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.