K-Bro Linen (TSE:KBL) Stock Passes Above 200 Day Moving Average – Here’s Why

K-Bro Linen Inc. (TSE:KBL) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KBL. TD lifted their price target on shares of K-Bro Linen from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. National Bank Financial set a C$51.00 price target on K-Bro Linen and gave the stock an “outperform” rating in a research report on Friday, April 10th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, K-Bro Linen has an average rating of “Moderate Buy” and an average price target of C$50.20.

K-Bro Linen Stock Performance

The company has a fifty day moving average of C$36.60 and a two-hundred day moving average of C$35.83. The firm has a market capitalization of C$510.40 million, a price-to-earnings ratio of 24.57, a PEG ratio of 3.50 and a beta of 0.57. The company has a debt-to-equity ratio of 116.44, a quick ratio of 0.87 and a current ratio of 1.87.

K-Bro Linen (TSE:KBL) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$139.11 million for the quarter. K-Bro Linen had a net margin of 3.51% and a return on equity of 7.12%. As a group, equities research analysts predict that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current fiscal year.

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. 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.