K-Bro Linen (TSE:KBL) Stock Passes Above 200 Day Moving Average - Time to Sell?

K-Bro Linen Inc. (TSE:KBL - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$35.78 and traded as high as C$36.17. K-Bro Linen shares last traded at C$35.65, with a volume of 46,980 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KBL. Stifel Nicolaus upped their target price on shares of K-Bro Linen from C$46.00 to C$50.00 in a research note on Friday. Acumen Capital upped their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the company a "buy" rating in a research report on Monday, March 24th. TD Securities increased their target price on K-Bro Linen from C$49.00 to C$50.00 and gave the company a "buy" rating in a research note on Friday. Cormark cut K-Bro Linen from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 4th. Finally, Raymond James Financial upped their price target on K-Bro Linen from C$45.00 to C$48.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd.

K-Bro Linen Stock Up 0.1%

The company has a quick ratio of 0.87, a current ratio of 2.08 and a debt-to-equity ratio of 102.23. The company's fifty day moving average is C$35.19 and its 200-day moving average is C$35.73. The company has a market cap of C$366.31 million, a PE ratio of 19.54, a PEG ratio of 3.50 and a beta of 1.08.

K-Bro Linen Dividend Announcement

The company also recently announced a jun 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.10 dividend. K-Bro Linen's dividend payout ratio is 67.15%.

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.