K-Bro Linen (TSE:KBL) Hits New 52-Week High – Here’s Why

K-Bro Linen Inc. (TSE:KBL) shares reached a new 52-week high on Monday . The company traded as high as C$39.50 and last traded at C$39.42, with a volume of 7949 shares changing hands. The stock had previously closed at C$39.28.

Analyst Ratings Changes

Separately, National Bank Financial set a C$51.00 price target on shares of K-Bro Linen and gave the company an “outperform” rating in a research report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, K-Bro Linen currently has a consensus rating of “Moderate Buy” and an average price target of C$49.75.

K-Bro Linen Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.88 and a debt-to-equity ratio of 116.99. The business’s 50-day moving average is C$36.13 and its two-hundred day moving average is C$35.70. The company has a market capitalization of C$503.18 million, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 3.50 and a beta of 0.57.

K-Bro Linen (TSE:KBL) last released its quarterly earnings results on Thursday, March 19th. The company reported C$0.55 earnings per share for the quarter. K-Bro Linen had a net margin of 3.55% and a return on equity of 7.09%. The company had revenue of C$146.79 million for the quarter. As a group, analysts predict that K-Bro Linen Inc. 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.