K-Bro Linen (TSE:KBL) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of K-Bro Linen Inc. (TSE:KBL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$35.41 and traded as high as C$37.48. K-Bro Linen shares last traded at C$37.18, with a volume of 29,875 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their price objective on K-Bro Linen from C$50.00 to C$55.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$51.25.

K-Bro Linen Stock Performance

The company has a market capitalization of C$478.13 million, a price-to-earnings ratio of 21.37, a PEG ratio of 3.50 and a beta of 0.53. The stock has a fifty day moving average price of C$36.54 and a two-hundred day moving average price of C$35.41. The company has a quick ratio of 0.87, a current ratio of 2.08 and a debt-to-equity ratio of 102.23.

K-Bro Linen Dividend Announcement

The business also recently declared a sep 25 dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.10 dividend. K-Bro Linen’s dividend payout ratio (DPR) is 68.97%.

About K-Bro Linen

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.