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

Key Points

• K-Bro Linen shares crossed above their 200-day moving average, reaching C$42.22 before last trading at C$41.02, down 0.9% on the day.
• Analyst sentiment is strongly positive: the stock has a consensus “Buy” rating, with one Strong Buy and five Buy ratings, and an average price target of C$53.17.
• The company reported quarterly revenue of C$150.36 million and EPS of C$0.78, while its financial profile includes a 23.99 P/E ratio, 3.67% net margin, and 113.71% debt-to-equity ratio.

K-Bro Linen Inc. (TSE:KBL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$41.64 and traded as high as C$42.22. K-Bro Linen shares last traded at C$41.02, with a volume of 10,839 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KBL shares. National Bank Financial increased their target price on K-Bro Linen from C$51.00 to C$54.00 and gave the company an "outperform" rating in a report on Tuesday, July 28th. TD Securities raised K-Bro Linen to a "strong-buy" rating in a research report on Friday, July 24th. Stifel Nicolaus raised their target price on K-Bro Linen from C$52.00 to C$54.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. ATB Cormark Capital Markets boosted their target price on K-Bro Linen from C$50.00 to C$55.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Finally, Raymond James Financial increased their price target on shares of K-Bro Linen from C$50.00 to C$54.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat, K-Bro Linen currently has a consensus rating of "Buy" and an average price target of C$53.17.

K-Bro Linen Trading Down 0.9%

The company has a quick ratio of 0.87, a current ratio of 1.85 and a debt-to-equity ratio of 113.71. The stock has a market capitalization of C$527.76 million, a PE ratio of 23.99, a PEG ratio of 3.50 and a beta of 0.91. The business's 50-day moving average is C$45.19 and its two-hundred day moving average is C$41.64.

K-Bro Linen (TSE:KBL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$0.78 earnings per share (EPS) for the quarter. K-Bro Linen had a return on equity of 7.89% and a net margin of 3.67%.The company had revenue of C$150.36 million for the quarter. On average, analysts anticipate that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current fiscal year.

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. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.

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