TD Securities Raises K-Bro Linen (TSE:KBL) Price Target to C$49.00

K-Bro Linen (TSE:KBL) had its price target hoisted by TD Securities from C$48.00 to C$49.00 in a research report report published on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, Acumen Capital increased their target price on shares of K-Bro Linen from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Monday.

K-Bro Linen Stock Performance

Shares of KBL opened at C$34.63 on Monday. The company has a quick ratio of 0.87, a current ratio of 2.08 and a debt-to-equity ratio of 102.23. K-Bro Linen has a 52-week low of C$30.69 and a 52-week high of C$40.03. The company has a 50-day simple moving average of C$35.17 and a 200-day simple moving average of C$35.75. The company has a market capitalization of C$363.37 million, a PE ratio of 19.38, a P/E/G ratio of 3.50 and a beta of 1.08.

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.