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

K-Bro Linen (TSE:KBL) had its price target upped by research analysts at TD Securities from C$48.00 to C$49.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 42.11% from the company’s current price.

Separately, Acumen Capital boosted their price objective on 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 Trading Down 0.4 %

TSE:KBL opened at C$34.48 on Monday. The firm has a fifty day simple moving average of C$35.14 and a 200-day simple moving average of C$35.75. The company has a current ratio of 2.08, a quick ratio of 0.87 and a debt-to-equity ratio of 102.23. The company has a market capitalization of C$361.80 million, a P/E ratio of 19.29, a PEG ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 12 month low of C$30.69 and a 12 month high of C$40.03.

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.