Shares of K-Bro Linen Inc. (TSE:KBL – Get Free Report) reached a new 52-week high on Monday . The company traded as high as C$39.50 and last traded at C$39.42, with a volume of 7949 shares trading hands. The stock had previously closed at C$39.28.
Analysts Set New Price Targets
Separately, National Bank Financial set a C$51.00 price target on K-Bro Linen and gave the company an “outperform” rating in a research note on Friday, April 10th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, K-Bro Linen currently has a consensus rating of “Moderate Buy” and an average target price of C$49.75.
Get Our Latest Research Report on KBL
K-Bro Linen Price Performance
K-Bro Linen (TSE:KBL – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported C$0.36 EPS for the quarter. K-Bro Linen had a return on equity of 7.09% and a net margin of 3.55%.The company had revenue of C$139.11 million during the quarter. On average, equities analysts predict that K-Bro Linen Inc. will post 2.3389262 EPS for the current fiscal year.
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. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.
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