K-Bro Linen Inc. (TSE:KBL) Stock Now Rated “Buy” by Wall Street Analysts

K-Bro Linen Inc. (TSE:KBL) has received a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$53.17.

Several research firms have issued reports on KBL. Stifel Nicolaus boosted their price objective on shares of K-Bro Linen from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Raymond James Financial raised their target price on shares of K-Bro Linen from C$50.00 to C$54.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. National Bank Financial lifted their target price on shares of K-Bro Linen from C$51.00 to C$54.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. TD Securities raised shares of K-Bro Linen to a “strong-buy” rating in a research report on Friday, July 24th. Finally, ATB Cormark Capital Markets increased their price target on K-Bro Linen from C$50.00 to C$55.00 and gave the company an “outperform” rating in a report on Thursday, August 6th.

K-Bro Linen Trading Up 0.9%

Shares of K-Bro Linen stock opened at C$41.68 on Friday. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.85 and a quick ratio of 0.87. The company has a market capitalization of C$536.25 million, a P/E ratio of 24.37, a P/E/G ratio of 3.50 and a beta of 0.91. K-Bro Linen has a 1 year low of C$33.61 and a 1 year high of C$48.69. The business has a 50 day moving average price of C$44.68 and a 200 day moving average price of C$41.88.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$0.78 earnings per share for the quarter. K-Bro Linen had a return on equity of 7.89% and a net margin of 3.67%.The company had revenue of C$150.36 million for the quarter. Sell-side analysts anticipate that K-Bro Linen will post 2.3389262 EPS for the current fiscal year.

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. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.