Acumen Capital Forecasts Strong Price Appreciation for K-Bro Linen (TSE:KBL) Stock

K-Bro Linen (TSE:KBL) had its price objective hoisted by Acumen Capital from C$50.00 to C$52.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s price objective would indicate a potential upside of 50.81% from the stock’s previous close.

K-Bro Linen Stock Down 0.4 %

KBL opened at C$34.48 on Monday. The stock’s fifty day simple moving average is C$35.14 and its 200 day simple moving average is C$35.75. K-Bro Linen has a 1-year low of C$30.69 and a 1-year high of C$40.03. The stock has a market cap of C$361.80 million, a PE ratio of 19.29, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The company has a current ratio of 2.08, a quick ratio of 0.87 and a debt-to-equity ratio of 102.23.

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.