K-Bro Linen (TSE:KBL) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of K-Bro Linen Inc. (TSE:KBLGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$35.59 and traded as high as C$38.55. K-Bro Linen shares last traded at C$38.36, with a volume of 50,163 shares trading hands.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$51.00 target price on K-Bro Linen and gave the stock an “outperform” rating in a report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$49.75.

Check Out Our Latest Analysis on K-Bro Linen

K-Bro Linen Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.88 and a debt-to-equity ratio of 116.99. The firm has a market cap of C$494.92 million, a PE ratio of 25.40, a P/E/G ratio of 3.50 and a beta of 0.55. The firm’s fifty day simple moving average is C$35.60 and its two-hundred day simple moving average is C$35.59.

K-Bro Linen (TSE:KBLGet Free Report) last announced its quarterly earnings data on Thursday, March 19th. The company reported C$0.55 EPS for the quarter. K-Bro Linen had a net margin of 3.55% and a return on equity of 7.09%. The firm had revenue of C$146.79 million for the quarter. As a group, research analysts expect that K-Bro Linen Inc. will post 2.3389262 EPS for the current year.

K-Bro Linen Company Profile

(Get Free Report)

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. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.

Further Reading

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