K-Bro Linen (TSE:KBL) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• K-Bro Linen Inc. shares have crossed above their 200-day moving average, currently trading at C$37.50 with a market cap of C$482.25 million.
• Analysts' ratings vary, with three providing a Buy rating and one a Hold rating, while the average target price stands at C$51.25.
• The company recently announced a dividend of $0.10 per share, reflecting a payout ratio of approximately 68.97%.

K-Bro Linen Inc. (TSE:KBL - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$34.87 and traded as high as C$37.53. K-Bro Linen shares last traded at C$37.50, with a volume of 24,505 shares traded.

Wall Street Analyst Weigh In

KBL has been the topic of a number of research reports. Raymond James Financial boosted their target price on shares of K-Bro Linen from C$45.00 to C$48.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Cormark lowered shares of K-Bro Linen from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 4th. TD Securities upped their price objective on shares of K-Bro Linen from C$50.00 to C$55.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Finally, Stifel Nicolaus upped their price objective on shares of K-Bro Linen from C$46.00 to C$50.00 in a research note on Friday, June 13th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, K-Bro Linen presently has an average rating of "Moderate Buy" and an average target price of C$51.25.

K-Bro Linen Stock Up 2.1%

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 stock's 50-day moving average is C$35.33 and its 200-day moving average is C$34.87. The company has a market cap of C$482.25 million, a price-to-earnings ratio of 21.55, a P/E/G ratio of 3.50 and a beta of 0.63.

K-Bro Linen Announces Dividend

The firm also recently disclosed a jul 25 dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.10 per share. K-Bro Linen's payout ratio is 68.97%.

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.

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