K-Bro Linen (TSE:KBL) Shares Pass Above 200 Day Moving Average – What’s Next?

K-Bro Linen Inc. (TSE:KBL)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$35.72 and traded as high as C$37.56. K-Bro Linen shares last traded at C$36.80, with a volume of 9,300 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their target price on K-Bro Linen from C$50.00 to C$55.00 and gave the company a “buy” rating in a research report on Friday, August 15th. 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 MarketBeat, the stock 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 debt-to-equity ratio of 102.23, a current ratio of 2.08 and a quick ratio of 0.87. The stock has a 50-day simple moving average of C$36.84 and a 200-day simple moving average of C$35.72. The stock has a market cap of C$473.25 million, a P/E ratio of 21.15, a PEG ratio of 3.50 and a beta of 0.48.

K-Bro Linen Announces Dividend

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

K-Bro Linen Company Profile

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.