K-Bro Linen (TSE:KBL) Sets New 1-Year Low at $34.26

K-Bro Linen Inc. (TSE:KBL) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as C$34.26 and last traded at C$34.93, with a volume of 72600 shares changing hands. The stock had previously closed at C$34.60.

A number of equities analysts recently issued reports on KBL shares. Acumen Capital reduced their target price on K-Bro Linen to C$52.00 in a research note on Wednesday, November 10th. Raymond James restated an “outperform” rating and issued a C$53.00 target price on shares of K-Bro Linen in a research note on Tuesday, August 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, K-Bro Linen presently has an average rating of “Buy” and an average target price of C$50.40.

The company has a current ratio of 1.67, a quick ratio of 0.91 and a debt-to-equity ratio of 47.96. The company has a market cap of C$375.06 million and a price-to-earnings ratio of 40.24. The firm’s 50 day moving average price is C$38.52.

K-Bro Linen (TSE:KBL) last posted its earnings results on Monday, November 8th. The company reported C$0.21 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.29 by C($0.08). The firm had revenue of C$61.49 million during the quarter, compared to analysts’ expectations of C$59.85 million. As a group, equities research analysts forecast that K-Bro Linen Inc. will post 2.01 earnings per share for the current year.

K-Bro Linen Company Profile (TSE:KBL)

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, tablecloths, surgical gowns, and drapes and other linens.

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