K-Bro Linen (TSE:KBL) Shares Pass Above Two Hundred Day Moving Average of $36.39

Share on StockTwits

K-Bro Linen Inc. (TSE:KBL) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$36.39 and traded as high as C$41.72. K-Bro Linen shares last traded at C$41.01, with a volume of 1,242 shares changing hands.

Several brokerages recently issued reports on KBL. Raymond James upped their target price on shares of K-Bro Linen from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Monday, March 22nd. National Bank Financial cut shares of K-Bro Linen from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$35.00 to C$40.00 in a research report on Monday, January 18th. Leede Jones Gab reiterated a “buy” rating on shares of K-Bro Linen in a report on Friday, March 19th. TD Securities increased their price objective on K-Bro Linen from C$48.00 to C$54.00 and gave the company a “tender” rating in a research report on Monday, March 22nd. Finally, National Bankshares lifted their target price on shares of K-Bro Linen from C$40.00 to C$42.00 and gave the stock a “sector perform” rating in a research report on Monday, March 22nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$41.57.

The company has a debt-to-equity ratio of 45.73, a quick ratio of 0.80 and a current ratio of 1.72. The firm has a market capitalization of C$436.46 million and a P/E ratio of 114.97. The stock’s 50 day simple moving average is C$40.71 and its 200 day simple moving average is C$36.46.

K-Bro Linen (TSE:KBL) last announced its quarterly earnings results on Thursday, March 18th. The company reported C$0.20 EPS for the quarter, beating the consensus estimate of C$0.08 by C$0.12. The firm had revenue of C$50.36 million for the quarter, compared to analysts’ expectations of C$48.10 million. On average, analysts anticipate that K-Bro Linen Inc. will post 1.94 earnings per share for the current year.

The business also recently announced a monthly dividend, which was paid on Monday, March 15th. Shareholders of record on Sunday, February 28th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, February 25th. This represents a $1.20 annualized dividend and a yield of 2.92%. K-Bro Linen’s dividend payout ratio (DPR) is presently 335.20%.

K-Bro Linen Company Profile (TSE:KBL)

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, tablecloths, surgical gowns, and drapes and other linens.

Further Reading: CD Ladder

Receive News & Ratings for K-Bro Linen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K-Bro Linen and related companies with MarketBeat.com's FREE daily email newsletter.