Acumen Capital Issues Positive Forecast for K-Bro Linen (TSE:KBL) Stock Price

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

K-Bro Linen Stock Up 0.7 %

TSE KBL opened at C$34.63 on Monday. The business has a fifty day moving average price of C$35.17 and a 200 day moving average price of C$35.75. 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 company has a market cap of C$363.37 million, a P/E ratio of 19.38, a P/E/G ratio of 3.50 and a beta of 1.08. K-Bro Linen has a one year low of C$30.69 and a one year 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.