K-Bro Linen (TSE:KBL) Price Target Raised to C$55.00 at TD Securities

K-Bro Linen (TSE:KBL) had its target price increased by TD Securities from C$54.00 to C$55.00 in a research report report published on Friday morning, Price Targets.com reports. The firm currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Acumen Capital increased their price objective on shares of K-Bro Linen from C$48.00 to C$52.00 and gave the company a na rating in a research report on Friday. Leede Jones Gab restated a buy rating on shares of K-Bro Linen in a research report on Friday, March 19th. National Bankshares increased their price objective on shares of K-Bro Linen from C$42.00 to C$46.00 and gave the company a sector perform rating in a research report on Friday. National Bank Financial cut shares of K-Bro Linen from an outperform rating to a sector perform rating and upped their target price for the company from C$35.00 to C$40.00 in a report on Monday, January 18th. Finally, Raymond James reaffirmed an outperform rating and set a C$53.00 target price on shares of K-Bro Linen in a report on Thursday, May 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. K-Bro Linen presently has an average rating of Buy and an average target price of C$45.13.

Shares of TSE KBL opened at C$44.26 on Friday. The firm’s 50 day moving average price is C$42.49 and its 200-day moving average price is C$38.55. The company has a market cap of C$472.56 million and a PE ratio of 123.63. K-Bro Linen has a 52-week low of C$24.00 and a 52-week high of C$47.22. The company has a debt-to-equity ratio of 45.73, a quick ratio of 0.80 and a current ratio of 1.72.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings data on Thursday, March 18th. The company reported C$0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.08 by C$0.12. The company had revenue of C$50.36 million for the quarter, compared to the consensus estimate of C$48.10 million. On average, analysts forecast that K-Bro Linen will post 2.0699999 earnings per share for the current fiscal year.

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, tablecloths, surgical gowns, and drapes and other linens.

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Analyst Recommendations for K-Bro Linen (TSE:KBL)

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