Stifel Nicolaus Forecasts Strong Price Appreciation for K-Bro Linen (TSE:KBL) Stock

Posted by Thomas Dobrow on Nov 15th, 2024

K-Bro Linen (TSE:KBL – Get Free Report) had its price objective raised by stock analysts at Stifel Nicolaus from C$45.00 to C$46.00 in a report issued on Friday,BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 30.50% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Raymond James increased their target price on shares of K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th. TD Securities raised their price target on shares of K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday.

Read Our Latest Stock Report on K-Bro Linen

K-Bro Linen Price Performance

K-Bro Linen stock traded up C$0.48 during mid-day trading on Friday, reaching C$35.25. 1,944 shares of the company’s stock traded hands, compared to its average volume of 11,238. K-Bro Linen has a 12-month low of C$30.69 and a 12-month high of C$37.74. The company has a market cap of C$368.72 million, a price-to-earnings ratio of 21.76, a PEG ratio of 3.50 and a beta of 1.08. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82. The stock has a 50 day moving average of C$34.72 and a two-hundred day moving average of C$34.50.

Insider Buying and Selling at K-Bro Linen

In other news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total transaction of C$39,611.00. Company insiders own 3.25% of the company’s stock.

K-Bro Linen Company Profile

(Get Free Report)

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.