K-Bro Linen (TSE:KBL) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

K-Bro Linen Inc. (TSE:KBLGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$35.83 and traded as high as C$39.75. K-Bro Linen shares last traded at C$39.56, with a volume of 22,711 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. National Bank Financial set a C$51.00 target price on K-Bro Linen and gave the company an “outperform” rating in a research report on Friday, April 10th. TD lifted their target price on K-Bro Linen from C$50.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$50.20.

Check Out Our Latest Report on KBL

K-Bro Linen Stock Performance

The firm has a market capitalization of C$509.76 million, a price-to-earnings ratio of 24.54, a P/E/G ratio of 3.50 and a beta of 0.57. The company has a quick ratio of 0.87, a current ratio of 1.87 and a debt-to-equity ratio of 116.44. The stock has a 50-day moving average price of C$36.67 and a 200 day moving average price of C$35.86.

K-Bro Linen (TSE:KBLGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$0.36 EPS for the quarter. K-Bro Linen had a return on equity of 7.12% and a net margin of 3.51%.The business had revenue of C$139.11 million during the quarter. On average, analysts forecast that K-Bro Linen Inc. will post 2.3389262 EPS for the current year.

About K-Bro Linen

(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.

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