K-Bro Linen (TSE:KBL) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

K-Bro Linen Inc. (TSE:KBL)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$41.17 and traded as high as C$43.30. K-Bro Linen shares last traded at C$42.92, with a volume of 7,022 shares trading hands.

Analyst Upgrades and Downgrades

KBL has been the topic of several research analyst reports. Stifel Nicolaus increased their target price on shares of K-Bro Linen from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. National Bank Financial upped their price objective on shares of K-Bro Linen from C$51.00 to C$54.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. ATB Cormark Capital Markets increased their price objective on shares of K-Bro Linen from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Raymond James Financial raised their target price on K-Bro Linen from C$50.00 to C$54.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, TD Securities raised K-Bro Linen to a “strong-buy” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$53.17.

K-Bro Linen Trading Up 0.8%

The firm has a market cap of C$540.76 million, a price-to-earnings ratio of 24.58, a P/E/G ratio of 3.50 and a beta of 0.91. The firm’s 50-day moving average is C$45.88 and its 200-day moving average is C$41.25. The company has a current ratio of 1.85, a quick ratio of 0.87 and a debt-to-equity ratio of 113.71.

K-Bro Linen (TSE:KBL) last released its quarterly earnings data on Tuesday, August 4th. The company reported C$0.78 earnings per share for the quarter. The firm had revenue of C$150.36 million for the quarter. K-Bro Linen had a net margin of 3.67% and a return on equity of 7.89%. As a group, sell-side analysts anticipate that K-Bro Linen Inc. will post 2.3389262 EPS for the current fiscal year.

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. 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.