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

K-Bro Linen Inc. (TSE:KBL)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$35.66 and traded as high as C$35.97. K-Bro Linen shares last traded at C$33.48, with a volume of 15,046 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Securities raised their target price on shares of K-Bro Linen from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Monday, March 24th. Acumen Capital lifted their target price on K-Bro Linen from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Monday, March 24th.

K-Bro Linen Stock Down 2.7 %

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 stock has a market cap of C$351.30 million, a price-to-earnings ratio of 18.74, a P/E/G ratio of 3.50 and a beta of 1.08. The business has a fifty day moving average of C$34.78 and a 200 day moving average of C$35.66.

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.