K-Bro Linen (TSE:KBL) Shares Cross Above Two Hundred Day Moving Average of $34.66

K-Bro Linen Inc. (TSE:KBL - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$34.66 and traded as high as C$35.49. K-Bro Linen shares last traded at C$34.69, with a volume of 6,291 shares traded.

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Analysts Set New Price Targets

Separately, Raymond James raised their target price on shares of K-Bro Linen from C$40.00 to C$45.00 in a report on Thursday, August 8th.

View Our Latest Analysis on K-Bro Linen

K-Bro Linen Price Performance

The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. The stock has a market capitalization of C$364.43 million, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 3.50 and a beta of 1.10. The company has a 50-day simple moving average of C$35.94 and a two-hundred day simple moving average of C$34.66.

K-Bro Linen (TSE:KBL - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$0.59 earnings per share for the quarter, topping analysts' consensus estimates of C$0.51 by C$0.08. The business had revenue of C$93.47 million for the quarter, compared to analysts' expectations of C$88.57 million. K-Bro Linen had a net margin of 5.03% and a return on equity of 9.76%. On average, equities research analysts predict that K-Bro Linen Inc. will post 2.3198942 earnings per share for the current year.

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K-Bro Linen Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.44%. K-Bro Linen's dividend payout ratio is presently 74.07%.

Insider Buying and Selling

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of K-Bro Linen stock in a transaction on Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total transaction of C$39,611.00. Corporate insiders own 3.25% of the company's stock.

About K-Bro Linen

(Get Free Report)

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.

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