K-Bro Linen (TSE:KBL) Price Target Raised to C$52.00

K-Bro Linen (TSE:KBL) had its price objective upped by equities research analysts at Acumen Capital from C$50.00 to C$52.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s price target indicates a potential upside of 50.72% from the company’s current price.

K-Bro Linen Stock Up 0.3 %

Shares of KBL traded up C$0.10 during trading hours on Monday, hitting C$34.50. 5,718 shares of the company were exchanged, compared to its average volume of 8,063. The firm’s 50 day moving average is C$35.19 and its 200-day moving average is C$35.77. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08. K-Bro Linen has a 52 week low of C$30.69 and a 52 week high of C$40.03. The company has a market cap of C$362.01 million, a PE ratio of 19.31, a PEG ratio of 3.50 and a beta of 1.08.

K-Bro Linen Company Profile

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.