TD Securities Issues Positive Forecast for K-Bro Linen (TSE:KBL) Stock Price

K-Bro Linen (TSE:KBL) had its target price hoisted by TD Securities from C$48.00 to C$49.00 in a report issued on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, Acumen Capital increased their price target on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday.

K-Bro Linen Stock Up 0.7 %

KBL opened at C$34.63 on Monday. K-Bro Linen has a 52 week low of C$30.69 and a 52 week high of C$40.03. The business has a 50 day moving average price of C$35.17 and a two-hundred day moving average price of C$35.75. The company has a quick ratio of 0.87, a current ratio of 2.08 and a debt-to-equity ratio of 102.23. The company 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.

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.