K-Bro Linen (TSE:KBL) Price Target Raised to C$56.00

K-Bro Linen (TSE:KBL) had its price objective raised by National Bank Financial from C$54.00 to C$56.00 in a research note issued to investors on Wednesday,BayStreet reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently weighed in on KBL. TD Securities raised K-Bro Linen to a “strong-buy” rating in a research report on Friday, July 24th. Stifel Nicolaus raised their price objective on K-Bro Linen from C$52.00 to C$54.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. ATB Cormark Capital Markets lifted their target price on K-Bro Linen from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Raymond James Financial boosted their target price 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. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$53.50.

K-Bro Linen Stock Performance

Shares of KBL stock opened at C$41.47 on Wednesday. The company has a fifty day moving average price of C$42.49 and a two-hundred day moving average price of C$40.41. K-Bro Linen has a one year low of C$33.61 and a one year high of C$48.69. The stock has a market cap of C$533.55 million, a P/E ratio of 24.25, a P/E/G ratio of 3.50 and a beta of 0.94. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.85 and a quick ratio of 0.87.

K-Bro Linen (TSE:KBL) last released its quarterly earnings data on Tuesday, August 4th. The company reported C$0.78 earnings per share for the quarter. The company had revenue of C$150.36 million for the quarter. K-Bro Linen had a net margin of 3.67% and a return on equity of 7.89%. As a group, equities analysts predict that K-Bro Linen will post 2.34 EPS for the current 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.