K-Bro Linen (TSE:KBL) Price Target Raised to C$49.00

K-Bro Linen (TSE:KBL - Get Free Report) had its target price upped by analysts at TD Securities from C$48.00 to C$49.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 44.97% from the stock's current price.

Separately, Acumen Capital upped their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the company a "buy" rating in a research report on Monday.

K-Bro Linen Stock Down 1.3 %

Shares of KBL traded down C$0.45 during trading hours on Monday, hitting C$33.80. The company had a trading volume of 2,350 shares, compared to its average volume of 8,165. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08. The stock has a market capitalization of C$354.66 million, a price-to-earnings ratio of 18.91, a P/E/G ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 52-week low of C$30.69 and a 52-week high of C$40.03. The firm has a fifty day moving average price of C$35.08 and a 200-day moving average price of C$35.73.

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.