K Bro Linen (KBL) Raised to Buy at Laurentian

Laurentian upgraded shares of K Bro Linen (TSE:KBL) from a hold rating to a buy rating in a research note published on Friday, March 16th.

Other analysts have also recently issued research reports about the company. National Bank Financial restated an outperform rating and set a C$46.00 target price on shares of K Bro Linen in a report on Wednesday, December 13th. TD Securities increased their target price on K Bro Linen from C$45.00 to C$48.00 and gave the stock a buy rating in a report on Friday, December 15th.

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KBL opened at C$36.59 on Friday. K Bro Linen has a 1 year low of C$35.75 and a 1 year high of C$43.04.

K Bro Linen (TSE:KBL) last announced its quarterly earnings results on Wednesday, March 14th. The company reported C$0.16 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.17). K Bro Linen had a net margin of 7.84% and a return on equity of 7.97%. The company had revenue of C$47.51 million during the quarter, compared to the consensus estimate of C$46.70 million.

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About K Bro Linen

K Bro Linen Inc is a Canada-based owner and operator of laundry and linen processing facilities. 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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