K-Bro Linen (TSE:KBL) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

K-Bro Linen Inc. (TSE:KBL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$35.62 and traded as high as C$35.73. K-Bro Linen shares last traded at C$35.01, with a volume of 2,386 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KBL. TD Securities lifted their price objective 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. Acumen Capital lifted their price target on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a "buy" rating in a report on Monday, March 24th.

K-Bro Linen Stock Up 0.8 %

The firm's 50-day moving average price is C$34.23 and its two-hundred day moving average price is C$35.62. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08. The firm has a market cap of C$370.30 million, a PE ratio of 19.75, a P/E/G ratio of 3.50 and a beta of 1.08.

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.

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