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

K-Bro Linen Inc. (TSE:KBL) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$35.95 and traded as high as C$41.85. K-Bro Linen shares last traded at C$41.76, with a volume of 16,020 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. TD increased 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 report on Thursday, May 7th. National Bank Financial set a C$51.00 price objective on shares of K-Bro Linen and gave the stock an “outperform” rating in a research note on Friday, April 10th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$50.20.

K-Bro Linen Trading Up 0.6%

The firm has a market cap of C$538.79 million, a PE ratio of 25.94, a price-to-earnings-growth ratio of 3.50 and a beta of 0.57. The company has a current ratio of 1.87, a quick ratio of 0.87 and a debt-to-equity ratio of 116.44. The company has a 50-day simple moving average of C$37.22 and a 200 day simple moving average of C$35.95.

K-Bro Linen (TSE:KBL) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$0.36 earnings per share for the quarter. K-Bro Linen had a net margin of 3.51% and a return on equity of 7.12%. The company had revenue of C$139.11 million during the quarter. As a group, sell-side analysts forecast that K-Bro Linen Inc. will post 2.3389262 earnings per share 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.