K-Bro Linen (TSE:KBL) Given New C$48.00 Price Target at TD Securities

K-Bro Linen (TSE:KBL) had its target price boosted by TD Securities from C$46.00 to C$48.00 in a note issued to investors on Friday,BayStreet.CA reports. TD Securities’ price objective points to a potential upside of 36.17% from the company’s current price.

Separately, Raymond James boosted their target price on shares of K-Bro Linen from C$40.00 to C$45.00 in a research report on Thursday, August 8th.

K-Bro Linen Stock Up 1.4 %

Shares of K-Bro Linen stock traded up C$0.48 on Friday, hitting C$35.25. 1,944 shares of the company traded hands, compared to its average volume of 11,238. The company has a 50-day moving average price of C$34.72 and a 200 day moving average price of C$34.50. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. K-Bro Linen has a 12-month low of C$30.69 and a 12-month high of C$37.74. The company has a market cap of C$368.72 million, a PE ratio of 21.76, a PEG ratio of 3.50 and a beta of 1.08.

Insiders Place Their Bets

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen stock in a transaction on Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total transaction of C$39,611.00. Corporate insiders own 3.25% of the company’s stock.

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.