Scotiabank Lowers K-Bro Linen Inc (KBL) Price Target to C$44.00
K-Bro Linen Inc (TSE:KBL) had its target price cut by Scotiabank from C$48.00 to C$44.00 in a note issued to investors on Monday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 16.68% from the company’s previous close.
Separately, TD Securities restated a “buy” rating and set a C$54.00 target price on shares of K-Bro Linen in a research note on Friday, September 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. K-Bro Linen has a consensus rating of “Hold” and an average price target of C$48.83.
K-Bro Linen (TSE:KBL) opened at 37.71 on Monday. The stock has a 50 day moving average price of $40.04 and a 200 day moving average price of $41.86. K-Bro Linen has a 52-week low of $37.20 and a 52-week high of $51.60. The company 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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