Stifel Nicolaus Lowers K-Bro Linen (TSE:KBL) Price Target to C$50.00

K-Bro Linen (TSE:KBLGet Rating) had its target price cut by equities research analysts at Stifel Nicolaus from C$56.00 to C$50.00 in a research report issued on Monday, BayStreet.CA reports. Stifel Nicolaus’ target price indicates a potential upside of 54.85% from the company’s current price.

KBL has been the subject of a number of other research reports. National Bankshares dropped their price objective on shares of K-Bro Linen from C$45.00 to C$42.00 and set a “sector perform” rating for the company in a report on Monday, March 14th. Raymond James dropped their price objective on shares of K-Bro Linen from C$50.00 to C$47.00 and set a “strong-buy” rating for the company in a report on Thursday, March 17th. Cormark decreased their price target on shares of K-Bro Linen from C$57.00 to C$42.00 and set a “market perform” rating for the company in a research note on Thursday, March 17th. Laurentian decreased their price target on shares of K-Bro Linen from C$50.00 to C$45.00 in a research note on Thursday, March 17th. Finally, National Bank Financial reiterated a “sector perform under weight” rating on shares of K-Bro Linen in a research note on Friday, March 11th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$44.63.

K-Bro Linen stock traded down C$0.11 during mid-day trading on Monday, hitting C$32.29. The company had a trading volume of 2,824 shares, compared to its average volume of 21,611. The company has a current ratio of 1.70, a quick ratio of 0.87 and a debt-to-equity ratio of 50.92. The company has a market capitalization of C$346.15 million and a price-to-earnings ratio of 39.66. K-Bro Linen has a 12-month low of C$29.60 and a 12-month high of C$45.28. The company’s fifty day moving average is C$32.52 and its 200-day moving average is C$34.17.

K-Bro Linen (TSE:KBLGet Rating) last announced its quarterly earnings results on Tuesday, March 15th. The company reported C$0.14 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.09 by C$0.05. The company had revenue of C$62.21 million for the quarter, compared to analyst estimates of C$57.54 million. As a group, sell-side analysts expect that K-Bro Linen will post 1.95 EPS for the current fiscal year.

K-Bro Linen Company Profile (Get Rating)

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, and drapes and other linens.

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Analyst Recommendations for K-Bro Linen (TSE:KBL)

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