Trade Report: Today: K-Bro Linen Inc (KBL) Given Average Recommendation of “Hold” from Analysts

Today: K-Bro Linen Inc (KBL) Given Average Recommendation of “Hold” from Analysts

K-Bro Linen Inc (TSE:KBL) has earned an average rating of “Hold” from the six research firms that are covering the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$48.83.

KBL has been the topic of a number of recent research reports. TD Securities reaffirmed a “buy” rating and set a C$54.00 price objective on shares of K-Bro Linen in a report on Friday, September 9th. Scotiabank reaffirmed a “sector perform” rating and set a C$48.00 price objective on shares of K-Bro Linen in a report on Monday, August 15th.

K-Bro Linen (TSE:KBL) traded down 1.08% during midday trading on Monday, hitting $37.45. The stock had a trading volume of 6,216 shares. The company has a market cap of $297.99 million and a P/E ratio of 26.03. K-Bro Linen has a one year low of $37.20 and a one year high of $51.60. The stock’s 50-day moving average is $39.34 and its 200-day moving average is $41.66.

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