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

K-Bro Linen (TSE:KBL) had its price target upped by analysts at Acumen Capital from C$50.00 to C$52.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Acumen Capital’s target price would indicate a potential upside of 50.72% from the stock’s current price.

K-Bro Linen Stock Performance

Shares of KBL stock traded up C$0.10 on Monday, hitting C$34.50. The company’s stock had a trading volume of 5,718 shares, compared to its average volume of 8,063. The stock’s 50 day moving average is C$35.19 and its 200-day moving average is C$35.77. K-Bro Linen has a fifty-two week low of C$30.69 and a fifty-two week high of C$40.03. The company has a market capitalization of C$362.01 million, a PE ratio of 19.31, a PEG ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08.

K-Bro Linen Company Profile

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.