K-Bro Linen Inc. (TSE:KBL - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$36.13 and traded as high as C$36.77. K-Bro Linen shares last traded at C$36.01, with a volume of 7,523 shares.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on KBL. Stifel Nicolaus raised their target price on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday, November 15th. TD Securities raised their target price on shares of K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday, November 15th.
Check Out Our Latest Stock Analysis on K-Bro Linen
K-Bro Linen Trading Down 1.1 %
The firm has a market capitalization of C$376.35 million, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The business's 50-day moving average is C$37.67 and its 200 day moving average is C$36.17. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87.
Insider Buying and Selling
In other K-Bro Linen news, Senior Officer Sean Philip Curtis sold 7,000 shares of the firm's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of C$37.45, for a total value 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 owned by company insiders.
About K-Bro Linen
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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.
See Also
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