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

Key Points

• K-Bro Linen Inc. shares have crossed above their 200-day moving average, indicating potential upward momentum, with the stock recently trading at C$36.55.
• Analysts have mixed ratings on K-Bro Linen, with three giving it a Buy rating while one assigned a Hold rating; the consensus price target is C$51.25.
• The company recently paid a $0.10 per share dividend, with a payout ratio of 67.15%, suggesting a commitment to returning value to shareholders.

K-Bro Linen Inc. (TSE:KBL - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$34.83 and traded as high as C$36.97. K-Bro Linen shares last traded at C$36.55, with a volume of 29,314 shares.

Analyst Upgrades and Downgrades

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

K-Bro Linen Trading Up 0.7%

The stock has a market capitalization of C$471.70 million, a P/E ratio of 21.08, a PEG ratio of 3.50 and a beta of 0.63. The company has a debt-to-equity ratio of 102.23, a current ratio of 2.08 and a quick ratio of 0.87. The business's 50 day simple moving average is C$35.17 and its 200-day simple moving average is C$34.82.

K-Bro Linen Announces Dividend

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

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.