K-Bro Linen (TSE:KBL) Price Target Raised to C$52.00 at TD

K-Bro Linen (TSE:KBL) had its price objective raised by equities research analysts at TD from C$50.00 to C$52.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 28.68% from the company’s previous close.

Separately, National Bank Financial set a C$51.00 target price on K-Bro Linen and gave the company an “outperform” rating in a research note on Friday, April 10th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, K-Bro Linen has a consensus rating of “Moderate Buy” and an average target price of C$50.20.

K-Bro Linen Stock Down 2.6%

KBL stock traded down C$1.09 during trading hours on Thursday, reaching C$40.41. 13,478 shares of the stock were exchanged, compared to its average volume of 22,241. The firm’s 50-day moving average is C$36.29 and its 200-day moving average is C$35.76. K-Bro Linen has a 12 month low of C$33.30 and a 12 month high of C$42.69. The company has a market cap of C$521.37 million, a price-to-earnings ratio of 26.76, a PEG ratio of 3.50 and a beta of 0.57. The company has a debt-to-equity ratio of 116.99, a current ratio of 1.88 and a quick ratio of 0.87.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.36 EPS for the quarter. The company had revenue of C$139.11 million for the quarter. K-Bro Linen had a return on equity of 7.09% and a net margin of 3.55%. On average, equities research analysts expect that K-Bro Linen will post 2.3389262 earnings per share for the current year.

About K-Bro Linen

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.