K-Bro Linen Inc (KBL) Receives Average Recommendation of “Hold” from Analysts
Shares of K-Bro Linen Inc (TSE:KBL) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$48.83.
A number of research firms have commented on KBL. Scotiabank reduced their target price on K-Bro Linen from C$48.00 to C$44.00 and set a “sector perform” rating on the stock in a report on Monday, November 14th. TD Securities reduced their target price on K-Bro Linen from C$54.00 to C$51.00 and set a “buy” rating on the stock in a report on Monday, November 14th.
K-Bro Linen (TSE:KBL) traded down 1.08% during mid-day trading on Monday, hitting $37.45. The company had a trading volume of 6,216 shares. The stock’s 50 day moving average price is $39.34 and its 200 day moving average price is $41.66. The firm has a market cap of $297.99 million and a P/E ratio of 26.03. K-Bro Linen has a 52-week low of $37.20 and a 52-week high of $51.60.
K-Bro Linen Company Profile
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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