K-Bro Linen Inc. (TSE:KBL) Given Consensus Rating of “Buy” by Brokerages

K-Bro Linen Inc. (TSE:KBL) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$53.17.

KBL has been the topic of several analyst reports. Raymond James Financial lifted their price target on shares of K-Bro Linen from C$50.00 to C$54.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Stifel Nicolaus boosted their price objective on K-Bro Linen from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. National Bank Financial raised their price target on K-Bro Linen from C$51.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. ATB Cormark Capital Markets upped their target price on K-Bro Linen from C$50.00 to C$55.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, TD boosted their target price on shares of K-Bro Linen from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Thursday, May 7th.

Insiders Place Their Bets

In other news, insider Jeffrey Ronald Gannon sold 1,225 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of C$42.00, for a total transaction of C$51,450.00. Following the completion of the sale, the insider owned 15,407 shares in the company, valued at approximately C$647,094. This represents a 7.37% decrease in their position. 3.25% of the stock is currently owned by company insiders.

K-Bro Linen Price Performance

Shares of TSE:KBL opened at C$47.17 on Monday. K-Bro Linen has a fifty-two week low of C$33.61 and a fifty-two week high of C$48.69. The business has a 50-day simple moving average of C$45.80 and a two-hundred day simple moving average of C$40.71. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.87 and a current ratio of 1.85. The firm has a market cap of C$606.89 million, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 3.50 and a beta of 0.89.

K-Bro Linen (TSE:KBL) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.78 earnings per share (EPS) for the quarter. The firm had revenue of C$150.36 million for the quarter. K-Bro Linen had a net margin of 3.67% and a return on equity of 7.89%. On average, analysts expect that K-Bro Linen will post 2.3389262 earnings per share for the current year.

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. 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.