K-Bro Linen Inc. (TSE:KBL - Get Free Report) 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$35.75. K-Bro Linen shares last traded at C$35.38, with a volume of 6,252 shares.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on KBL shares. Acumen Capital boosted their price target 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. TD Securities boosted their target price on shares of K-Bro Linen from C$48.00 to C$49.00 and gave the company a "buy" rating in a research report on Monday, March 24th.
Read Our Latest Research Report on K-Bro Linen
K-Bro Linen Price Performance
The business has a 50-day moving average of C$34.40 and a 200 day moving average of C$35.66. The company has a current ratio of 2.08, a quick ratio of 0.87 and a debt-to-equity ratio of 102.23. The firm has a market capitalization of C$371.24 million, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08.
K-Bro Linen Company Profile
(
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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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