K-Bro Linen (TSE:KBL) Rating Lowered to Hold at Cormark

K-Bro Linen (TSE:KBL) was downgraded by analysts at Cormark from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports. Cormark also issued estimates for K-Bro Linen’s FY2025 earnings at $2.54 EPS, FY2026 earnings at $3.17 EPS and FY2027 earnings at $3.73 EPS.

KBL has been the topic of a number of other reports. TD Securities lifted their price objective on K-Bro Linen from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Raymond James increased their price objective on K-Bro Linen from C$45.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Acumen Capital boosted their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, March 24th.

K-Bro Linen Trading Down 0.2%

K-Bro Linen stock opened at C$35.23 on Wednesday. K-Bro Linen has a 52 week low of C$30.69 and a 52 week high of C$40.03. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08. The firm has a market capitalization of C$369.67 million, a price-to-earnings ratio of 19.71, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a 50 day moving average price of C$34.95 and a 200 day moving average price of C$35.79.

K-Bro Linen Company Profile

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.