TD Securities Raises K-Bro Linen (TSE:KBL) Price Target to C$55.00

K-Bro Linen (TSE:KBL) had its price target lifted by equities research analysts at TD Securities from C$50.00 to C$55.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 41.28% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Stifel Nicolaus raised their price target on K-Bro Linen from C$46.00 to C$50.00 in a research note on Friday, June 13th. Raymond James Financial increased their price objective on K-Bro Linen from C$45.00 to C$48.00 and gave the company an “outperform” rating in a report on Tuesday, June 3rd. Finally, Cormark lowered K-Bro Linen from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, June 4th.

K-Bro Linen Price Performance

Shares of KBL opened at C$38.93 on Friday. The firm has a market capitalization of C$408.49 million, a price-to-earnings ratio of 21.79, a PEG ratio of 3.50 and a beta of 1.08. The firm’s fifty day simple moving average is C$34.74 and its 200-day simple moving average is C$34.77. K-Bro Linen has a twelve month low of C$32.03 and a twelve month high of C$40.03. The company has a current ratio of 2.08, a quick ratio of 0.87 and a debt-to-equity ratio of 102.23.

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.