K-Bro Linen (TSE:KBL) Price Target Raised to C$46.00 at TD Securities

K-Bro Linen (TSE:KBL) had its target price hoisted by TD Securities from C$45.00 to C$46.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 29.29% from the stock’s current price.

Separately, Acumen Capital boosted their target price on K-Bro Linen from C$46.00 to C$47.50 and gave the stock a “buy” rating in a research note on Wednesday, May 1st.

K-Bro Linen Trading Up 0.5 %

Shares of TSE KBL opened at C$35.58 on Wednesday. The business has a fifty day moving average price of C$34.74 and a 200 day moving average price of C$34.05. K-Bro Linen has a 1-year low of C$28.21 and a 1-year high of C$37.04. The company has a debt-to-equity ratio of 68.49, a current ratio of 1.64 and a quick ratio of 0.87. The stock has a market capitalization of C$372.17 million, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11.

K-Bro Linen (TSE:KBL) last posted its quarterly earnings data on Thursday, March 21st. The company reported C$0.40 EPS for the quarter, missing the consensus estimate of C$0.61 by C($0.21). K-Bro Linen had a return on equity of 9.90% and a net margin of 5.27%. The firm had revenue of C$82.46 million for the quarter, compared to the consensus estimate of C$80.10 million. Equities research analysts expect that K-Bro Linen will post 2.2705128 EPS for the current fiscal year.

About K-Bro Linen

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, tablecloths, and drapes and other linens.