K-Bro Linen (TSE:KBL) Stock Price Crosses Above Two Hundred Day Moving Average of $33.95

K-Bro Linen Inc. (TSE:KBL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$33.95 and traded as high as C$34.13. K-Bro Linen shares last traded at C$33.98, with a volume of 2,870 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KBL. TD Securities lifted their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Acumen Capital lifted their price objective on shares of K-Bro Linen from C$46.00 to C$47.50 and gave the company a “buy” rating in a report on Wednesday, May 1st.

K-Bro Linen Trading Up 2.0 %

The firm has a market capitalization of C$355.43 million, a PE ratio of 20.98, a PEG ratio of 3.50 and a beta of 1.10. The firm’s fifty day moving average is C$33.43 and its two-hundred day moving average is C$33.95. The company has a debt-to-equity ratio of 68.49, a current ratio of 1.64 and a quick ratio of 0.87.

K-Bro Linen (TSE:KBL) last released its quarterly earnings results on Monday, May 6th. The company reported C$0.17 earnings per share for the quarter, missing the consensus estimate of C$0.29 by C($0.12). K-Bro Linen had a return on equity of 9.90% and a net margin of 5.27%. The firm had revenue of C$80.23 million for the quarter, compared to analysts’ expectations of C$77.77 million. On average, equities analysts predict that K-Bro Linen Inc. will post 1.9474586 EPS for the current fiscal year.

K-Bro Linen Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Friday, June 28th. K-Bro Linen’s dividend payout ratio (DPR) is presently 74.07%.

Insider Buying and Selling

In related news, Senior Officer Ryo Utahara sold 1,400 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$32.40, for a total transaction of C$45,360.00. 3.14% of the stock is owned by corporate 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.