K-Bro Linen Inc. (TSE:KBL – Get Free Report) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$53.17.
Several research firms recently commented on KBL. TD Securities upgraded K-Bro Linen to a “strong-buy” rating in a research report on Friday, July 24th. Stifel Nicolaus raised their price target on K-Bro Linen from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Thursday, August 6th. National Bank Financial boosted their price objective on K-Bro Linen from C$51.00 to C$54.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. ATB Cormark Capital Markets raised their target price on shares of 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, Raymond James Financial boosted their price target on shares of K-Bro Linen from C$50.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th.
Read Our Latest Stock Analysis on KBL
K-Bro Linen Trading Down 0.9%
K-Bro Linen (TSE:KBL – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$0.78 earnings per share (EPS) for the quarter. The company 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%. Equities research analysts predict that K-Bro Linen will post 2.3389262 EPS for the current 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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