K-Bro Linen (TSE:KBL) Price Target Raised to C$46.00

K-Bro Linen (TSE:KBL) had its price objective boosted by equities research analysts at Stifel Nicolaus from C$45.00 to C$46.00 in a report released on Friday,BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 32.11% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. TD Securities boosted their price objective on shares of K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday. Raymond James boosted their price target on shares of K-Bro Linen from C$40.00 to C$45.00 in a research report on Thursday, August 8th.

K-Bro Linen Stock Performance

TSE KBL opened at C$34.82 on Friday. K-Bro Linen has a 52-week low of C$30.69 and a 52-week high of C$37.74. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80. The company has a market capitalization of C$364.22 million, a P/E ratio of 21.49, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a fifty day moving average of C$34.70 and a 200-day moving average of C$34.49.

Insider Activity at K-Bro Linen

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total transaction of C$39,611.00. 3.25% of the stock is currently owned by corporate insiders.

K-Bro Linen Company Profile

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.