K-Bro Linen Inc (KBL) PT Lowered to C$51.00
K-Bro Linen Inc (TSE:KBL) had its price objective lowered by equities research analysts at TD Securities from C$54.00 to C$51.00 in a report released on Monday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 35.24% from the stock’s current price.
Separately, Scotiabank dropped their price target on K-Bro Linen from C$48.00 to C$44.00 and set a “sector perform” rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$48.83.
K-Bro Linen (TSE:KBL) opened at 37.71 on Monday. K-Bro Linen has a 1-year low of $37.20 and a 1-year high of $51.60. The stock has a 50 day moving average price of $40.04 and a 200 day moving average price of $41.86. The firm has a market capitalization of $300.06 million and a price-to-earnings ratio of 26.08.
About K-Bro Linen
K-Bro Linen Inc is an owner and operator of laundry and linen processing facilities in Canada. The Company provides laundry and linen services to healthcare institutions, hotels and other commercial accounts. The Company’s services include the processing, management and distribution of general and operating room linens (K-Bro Operating Room (KOR) Services), including sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other types of linen.
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