K-Bro Linen Inc. (TSE:KBL) Stock Now Rated “Buy” by Wall Street Analysts

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

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

K-Bro Linen Price Performance

Shares of KBL opened at C$41.09 on Tuesday. 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 has a 52-week low of C$33.61 and a 52-week high of C$48.69. The stock has a 50 day simple moving average of C$42.82 and a 200 day simple moving average of C$40.28. The firm has a market capitalization of C$528.66 million, a PE ratio of 24.03, a P/E/G ratio of 3.50 and a beta of 0.94.

K-Bro Linen (TSE:KBL) last announced its earnings results 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 firm had revenue of C$150.36 million during the quarter. Sell-side analysts predict that K-Bro Linen will post 2.34 EPS for the current fiscal 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.