K-Bro Linen (TSE:KBL) had its price target cut by stock analysts at National Bank Financial from C$41.00 to C$40.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 15.94% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. TD Securities cut shares of K-Bro Linen from a “buy” rating to a “hold” rating and lowered their target price for the company from C$45.00 to C$40.00 in a report on Tuesday, November 13th. Cormark reissued a “market perform” rating and set a C$38.00 target price on shares of K-Bro Linen in a report on Friday, July 27th.

Shares of KBL stock opened at C$34.50 on Tuesday. The company has a debt-to-equity ratio of 33.81, a current ratio of 2.08 and a quick ratio of 1.22. K-Bro Linen has a 1 year low of C$33.04 and a 1 year high of C$43.04.

In other news, insider Ronald James Graham sold 1,900 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of C$37.73, for a total value of C$71,687.00. Also, insider Jerzy Marek Ostrzyzek sold 2,800 shares of the company’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of C$35.37, for a total transaction of C$99,036.00. In the last ninety days, insiders sold 54,817 shares of company stock worth $2,122,315.

K-Bro Linen Company Profile

K-Bro Linen Inc, together with its subsidiaries, engages in the processing, management, and distribution of general linen and operating room linen to healthcare institutions, hotels, and other commercial accounts in Canada. It provides laundry and linen services for sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other linen.

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