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

Shares of K-Bro Linen Inc. (TSE:KBL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

K-Bro Linen Price Performance

The company has a 50-day moving average price of C$34.78 and a 200-day moving average price of C$35.66. The company has a market capitalization of C$351.30 million, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08.

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.