Time to Buy K Bro Linen Inc After Today’s Huge Increase?

 Time to Buy K Bro Linen Inc After Today's Huge Increase?

The stock of K Bro Linen Inc (TSE:KBL) is a huge mover today! About 7,524 shares traded hands. K Bro Linen Inc (TSE:KBL) has declined 10.85% since March 29, 2016 and is downtrending. It has underperformed by 13.38% the S&P500.
The move comes after 7 months positive chart setup for the $328.93M company. It was reported on Nov, 2 by Barchart.com. We have $106.93 PT which if reached, will make TSE:KBL worth $555.89M more.

K Bro Linen Inc (TSE:KBL) Ratings Coverage

Out of 2 analysts covering K-Bro Linen (TSE:KBL), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. K-Bro Linen has been the topic of 2 analyst reports since February 4, 2016 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, September 9 by TD Securities.

More recent K Bro Linen Inc (TSE:KBL) news were published by: Marketwired.com which released: “K-Bro Linen Inc. Announces $25 Million Equity Offering” on November 18, 2014. Also Business.Financialpost.com published the news titled: “K-Bro Linen pulling ‘further away from competition'” on March 25, 2014. Bnn.ca‘s news article titled: “Top Picks from Michael Simpson: K-Bro Linen, Transcontinental, Cinemark” with publication date: May 05, 2016 was also an interesting one.

K Bro Linen Inc is a Canada-based owner and operator of laundry and linen processing facilities. The company has a market cap of $328.93 million. The Firm provides laundry and linen services to healthcare institutions, hotels and other commercial accounts. It has a 26.54 P/E ratio. The Company’s services include the processing, management and distribution of general and operating room linens Services), including sheets, blankets, towels, tablecloths, surgical gowns and drapes, and other types of linen.

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