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National Bank Financial reported on K-Bro Linen (TSE:KBL), stepping up its target to $40.00 today

Boasting a price of $38.79, K-Bro Linen (TSE:KBL) traded 0.39% higher on the day. With the last stock price close down 5.24% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. K-Bro Linen has recorded a 50-day average of $42.01 and a two hundred day average of $41.32. Volume of trade was down over the average, with 1,682 shares of KBL changing hands under the typical 8,156

In a statement issued on 11/14/2017 National Bank Financial increased the stock price target of K-Bro Linen (TSE:KBL) from $38.00 to $40.00 stating a potential upside of 0.03%.

On 02/16/2017, TD Securities released a statement for K-Bro Linen (TSE:KBL) bumped up the target price from $0.00 to $51.00 that suggested an upside of 0.19%.

See Chart Below

K-Bro Linen (TSE:KBL)

K-Bro Linen has a 52 week low of $36.69 and a 52 week high of $50.90 with a P/E ratio of 30.22 The company’s market cap is currently $0.

In addition to National Bank Financial reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $34.43 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About K-Bro Linen (TSE:KBL)

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. Other types of processors in the Company's industry in Canada include independent privately-owned facilities (small and single facility companies), public sector central laundries, and public and private sector on-premise laundries (OPLs). Its healthcare customers include hospitals and long-term care facilities. K Bro Linen Systems Inc is the subsidiary of the Company.

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