K-Bro Linen (TSE:KBL) Price Target Raised to C$52.00 at Acumen Capital

K-Bro Linen (TSE:KBL) had its target price lifted by Acumen Capital from C$50.00 to C$52.00 in a research note published on Monday morning,BayStreet.CA reports. Acumen Capital currently has a buy rating on the stock.

K-Bro Linen Price Performance

Shares of KBL opened at C$34.63 on Monday. The firm has a 50-day simple moving average of C$35.17 and a two-hundred day simple moving average of C$35.75. The stock has a market cap 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 has a 1-year low of C$30.69 and a 1-year high of C$40.03. The company has a debt-to-equity ratio of 102.23, a current ratio of 2.08 and a quick ratio of 0.87.

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.