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

K-Bro Linen Inc. (TSE:KBL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$35.77 and traded as high as C$36.80. K-Bro Linen shares last traded at C$36.74, with a volume of 19,640 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities boosted their target price on shares of 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$51.25.

K-Bro Linen Trading Up 0.5%

The firm’s 50-day simple moving average is C$36.85 and its 200 day simple moving average is C$35.77. 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 firm has a market capitalization of C$472.48 million, a price-to-earnings ratio of 21.11, a P/E/G ratio of 3.50 and a beta of 0.48.

K-Bro Linen Dividend Announcement

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