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

K-Bro Linen Inc. (TSE:KBL)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$35.41 and traded as high as C$37.48. K-Bro Linen shares last traded at C$37.18, with a volume of 29,875 shares changing hands.

Analyst Ratings Changes

Separately, TD Securities upped 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 note on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$51.25.

K-Bro Linen Price Performance

The company has a market capitalization of C$478.13 million, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 3.50 and a beta of 0.53. The company has a quick ratio of 0.87, a current ratio of 2.08 and a debt-to-equity ratio of 102.23. The company has a 50 day simple moving average of C$36.54 and a 200 day simple moving average of C$35.41.

K-Bro Linen Dividend Announcement

The company also recently declared a sep 25 dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.10 per share. K-Bro Linen’s dividend payout ratio 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.