K-Bro Linen Inc. (TSE:KBL – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$35.83 and traded as high as C$39.75. K-Bro Linen shares last traded at C$39.56, with a volume of 22,711 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. National Bank Financial set a C$51.00 target price on K-Bro Linen and gave the company an “outperform” rating in a research report on Friday, April 10th. TD lifted their target price on K-Bro Linen from C$50.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$50.20.
Check Out Our Latest Report on KBL
K-Bro Linen Stock Performance
K-Bro Linen (TSE:KBL – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$0.36 EPS for the quarter. K-Bro Linen had a return on equity of 7.12% and a net margin of 3.51%.The business had revenue of C$139.11 million during the quarter. On average, analysts forecast that K-Bro Linen Inc. 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.
Recommended Stories
- Five stocks we like better than K-Bro Linen
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Receive News & Ratings for K-Bro Linen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K-Bro Linen and related companies with MarketBeat.com's FREE daily email newsletter.
