K-Bro Linen (KBL) Price Target Raised to C$47.00 at Cormark

K-Bro Linen (TSE:KBL) had its price target boosted by research analysts at Cormark from C$41.00 to C$47.00 in a research report issued to clients and investors on Friday. Cormark’s target price suggests a potential upside of 26.31% from the company’s previous close.

Separately, National Bank Financial cut their target price on K-Bro Linen from C$41.00 to C$40.00 and set an “outperform” rating for the company in a research report on Tuesday, November 20th.

KBL stock traded down C$0.04 on Friday, reaching C$37.21. The company’s stock had a trading volume of 2,921 shares, compared to its average volume of 4,684. The firm has a market capitalization of $388.83 million and a price-to-earnings ratio of 99.76. The company has a debt-to-equity ratio of 33.81, a current ratio of 2.08 and a quick ratio of 1.22. K-Bro Linen has a 52 week low of C$32.00 and a 52 week high of C$40.00.

K-Bro Linen Company Profile

K-Bro Linen Inc, together with its subsidiaries, engages in the processing, management, and distribution of general linen and operating room linen to healthcare institutions, hotels, and other commercial accounts in Canada. It provides laundry and linen services for sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other linen.

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