K Bro Linen Inc (KBL) Downgraded to “Underperform” at National Bank Financial

National Bank Financial downgraded shares of K Bro Linen Inc (TSE:KBL) from a sector perform rating to an underperform rating in a research report sent to investors on Monday morning.

Other analysts have also recently issued reports about the company. TD Securities reiterated a buy rating and set a C$51.00 price target on shares of K Bro Linen in a research report on Thursday, February 16th. GMP Securities reiterated a buy rating on shares of K Bro Linen in a research report on Wednesday, December 7th. Finally, Acumen Capital boosted their price target on K Bro Linen from C$46.00 to C$46.25 in a research report on Friday, December 16th.

Shares of K Bro Linen (TSE:KBL) opened at 39.665 on Monday. The firm has a 50-day moving average price of $42.89 and a 200-day moving average price of $41.18. The stock has a market cap of $316.45 million and a price-to-earnings ratio of 27.545. K Bro Linen has a 1-year low of $36.69 and a 1-year high of $45.40.

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K Bro Linen Company Profile

K Bro Linen Inc is a Canada-based owner and operator of laundry and linen processing facilities. The Company provides laundry and linen services to healthcare institutions, hotels and other commercial accounts. The Company’s services include the processing, management and distribution of general and operating room linens (K Bro Operating Room (KOR) Services), including sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other types of linen.

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