K-Bro Linen (TSE:KBL) Stock Price Expected to Rise, TD Securities Analyst Says

K-Bro Linen (TSE:KBL) had its price target increased by TD Securities from C$48.00 to C$49.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, Acumen Capital lifted their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday.

K-Bro Linen Price Performance

Shares of TSE KBL opened at C$34.24 on Monday. The company has a debt-to-equity ratio of 102.23, a current ratio of 2.08 and a quick ratio of 0.87. The company has a market cap of C$359.28 million, a PE ratio of 19.16, a P/E/G ratio of 3.50 and a beta of 1.08. The stock has a fifty day moving average price of C$35.11 and a 200 day moving average price of C$35.74. K-Bro Linen has a 1-year low of C$30.69 and a 1-year high of C$40.03.

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.