K-Bro Linen Inc. (TSE:KBL) Stock Has Consensus Target Price of C$54.20

K-Bro Linen Inc. (TSE:KBL) has been given an average recommendation of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$54.20.

KBL has been the subject of several recent research reports. TD Securities raised K-Bro Linen to a “strong-buy” rating in a research report on Friday, July 24th. Stifel Nicolaus boosted their target price on shares of K-Bro Linen from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Thursday, August 6th. ATB Cormark Capital Markets upped their target price on shares of K-Bro Linen from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. National Bank Financial increased their price target on shares of K-Bro Linen from C$54.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Finally, Raymond James Financial increased their price target on shares of K-Bro Linen from C$50.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th.

K-Bro Linen Trading Up 1.3%

Shares of KBL traded up C$0.52 during trading hours on Friday, reaching C$42.00. 25,579 shares of the company traded hands, compared to its average volume of 15,769. The company’s fifty day moving average price is C$41.62 and its two-hundred day moving average price is C$40.76. The company has a quick ratio of 0.87, a current ratio of 1.85 and a debt-to-equity ratio of 113.71. The company has a market capitalization of C$540.37 million, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. K-Bro Linen has a 12 month low of C$33.61 and a 12 month high of C$48.69.

K-Bro Linen (TSE:KBL) last posted its earnings results on Thursday, November 12th. The company reported C$1.00 earnings per share for the quarter. The firm had revenue of C$160.05 million for the quarter. K-Bro Linen had a return on equity of 7.89% and a net margin of 3.67%. Equities research analysts predict that K-Bro Linen will post 2.34 earnings per share for the current fiscal 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.