K-Bro Linen (TSE:KBL) Stock Price Up 0.7%

Shares of K-Bro Linen Inc (TSE:KBL) rose 0.7% during trading on Monday . The company traded as high as C$39.58 and last traded at C$39.47. Approximately 6,600 shares traded hands during trading, an increase of 16% from the average daily volume of 5,690 shares. The stock had previously closed at C$39.18.

KBL has been the subject of a number of recent research reports. Cormark boosted their price objective on K-Bro Linen from C$41.00 to C$47.00 in a report on Friday, March 15th. National Bank Financial boosted their price objective on K-Bro Linen from C$40.00 to C$41.50 and gave the stock an “outperform” rating in a report on Monday, May 13th. Finally, Echelon Wealth Partners reissued a “buy” rating on shares of K-Bro Linen in a report on Thursday, March 14th.

The firm has a market capitalization of $416.80 million and a P/E ratio of 68.31. The company has a debt-to-equity ratio of 60.35, a current ratio of 1.58 and a quick ratio of 0.84. The firm’s fifty day moving average is C$39.30.

K-Bro Linen (TSE:KBL) last released its earnings results on Thursday, May 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.04 by C$0.01. The business had revenue of C$57.78 million during the quarter, compared to the consensus estimate of C$57.55 million. On average, sell-side analysts predict that K-Bro Linen Inc will post 1.52 earnings per share for the current fiscal year.

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K-Bro Linen Company Profile (TSE:KBL)

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. The company also offers other services, including bulk dock-to-dock, exchange cart preparation, delivery of carts, surgical linen, distribution and control of employee uniforms, personal clothing, customer reporting, customer service visiting, and textile procurement services.

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