K-Bro Linen (TSE:KBL) Shares Pass Above 200-Day Moving Average – Time to Sell?

Posted by Amy Steele on Jan 11th, 2025

Shares of K-Bro Linen Inc. (TSE:KBL – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$35.63 and traded as high as C$37.99. K-Bro Linen shares last traded at C$37.99, with a volume of 1,000 shares changing hands.

Analysts Set New Price Targets

KBL has been the subject of a number of recent analyst reports. TD Securities upped their target price on K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th. 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.

Read Our Latest Stock Analysis on K-Bro Linen

K-Bro Linen Stock Performance

The stock has a market cap of C$378.23 million, a P/E ratio of 22.32, a P/E/G ratio of 3.50 and a beta of 1.08. The firm has a 50 day moving average of C$36.93 and a two-hundred day moving average of C$35.67. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen’s dividend payout ratio (DPR) is currently 74.07%.

Insider Activity at K-Bro Linen

In related news, Senior Officer Sean Philip Curtis sold 4,100 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$39.75, for a total value of C$162,975.00. Insiders sold a total of 11,400 shares of company stock worth $437,047 in the last ninety days. 3.25% of the stock is currently owned by insiders.

K-Bro Linen Company Profile

(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.