K-Bro Linen (TSE:KBL) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of K-Bro Linen Inc. (TSE:KBL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$35.81 and traded as high as C$36.36. K-Bro Linen shares last traded at C$36.36, with a volume of 11,185 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KBL shares. TD Securities lifted their target price on shares of K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th. Stifel Nicolaus increased their target price on K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday, November 15th.

K-Bro Linen Stock Up 2.1 %

The company has a market cap of C$380.33 million, a PE ratio of 22.44, a PEG ratio of 3.50 and a beta of 1.08. The stock’s 50 day moving average price is C$37.22 and its 200-day moving average price is C$35.81. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80.

Insider Activity

In other K-Bro Linen news, Senior Officer Sean Philip Curtis sold 7,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of C$37.45, for a total transaction of C$262,150.00. Over the last three months, insiders have sold 11,400 shares of company stock valued at $437,047. 3.25% of the stock is currently owned by insiders.

About K-Bro Linen

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, surgical gowns, tablecloths, and drapes and other linens.