K-Bro Linen (TSE:KBL) Price Target Raised to C$52.00

K-Bro Linen (TSE:KBL) had its target price lifted by Acumen Capital from C$50.00 to C$52.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

K-Bro Linen Price Performance

KBL opened at C$34.24 on Monday. The business has a fifty day moving average of C$35.11 and a 200 day moving average of C$35.74. The company has a quick ratio of 0.87, a current ratio of 2.08 and a debt-to-equity ratio of 102.23. The stock has a market cap of C$359.28 million, a P/E ratio of 19.16, a PEG ratio of 3.50 and a beta of 1.08. K-Bro Linen has a 52-week low of C$30.69 and a 52-week high of C$40.03.

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.