TD Securities Forecasts Strong Price Appreciation for K-Bro Linen (TSE:KBL) Stock

K-Bro Linen (TSE:KBL) had its target price boosted by equities researchers at TD Securities from C$46.00 to C$48.00 in a research report issued on Friday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 36.17% from the stock’s previous close.

Separately, Raymond James increased their target price on shares of K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th.

K-Bro Linen Trading Up 1.4 %

TSE KBL traded up C$0.48 on Friday, hitting C$35.25. The company’s stock had a trading volume of 1,944 shares, compared to its average volume of 11,238. K-Bro Linen has a 1-year low of C$30.69 and a 1-year high of C$37.74. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. The company’s 50-day moving average is C$34.72 and its 200 day moving average is C$34.50. The firm has a market cap of C$368.72 million, a PE ratio of 21.76, a PEG ratio of 3.50 and a beta of 1.08.

Insider Transactions at K-Bro Linen

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total value of C$39,611.00. Company insiders own 3.25% of the company’s stock.

About K-Bro Linen

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.