K-Bro Linen (TSE:KBL) Price Target Raised to C$49.00

K-Bro Linen (TSE:KBL) had its target price lifted by TD Securities from C$48.00 to C$49.00 in a report issued on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

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

K-Bro Linen Stock Performance

Shares of KBL stock opened at C$34.24 on Monday. The stock’s 50-day moving average is C$35.11 and its two-hundred day moving average is C$35.74. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08. K-Bro Linen has a 1 year low of C$30.69 and a 1 year high of C$40.03. The firm has a market cap of C$359.28 million, a price-to-earnings ratio of 19.16, a PEG ratio of 3.50 and a beta of 1.08.

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.