K-Bro Linen (TSE:KBL) Insider K-Bro Linen Inc. Acquires 2,670 Shares of Stock

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. acquired 2,670 shares of K-Bro Linen stock in a transaction on Friday, May 29th. The shares were bought at an average cost of C$41.33 per share, for a total transaction of C$110,351.10. Following the completion of the purchase, the insider directly owned 343,321 shares of the company’s stock, valued at C$14,189,456.93. The trade was a 0.78% increase in their ownership of the stock.

K-Bro Linen Inc. also recently made the following trade(s):

• On Tuesday, May 26th, K-Bro Linen Inc. acquired 4,541 shares of K-Bro Linen stock. The shares were bought at an average cost of C$41.83 per share, for a total transaction of C$189,950.03.
• On Wednesday, May 27th, K-Bro Linen Inc. acquired 5,341 shares of K-Bro Linen stock. The shares were bought at an average cost of C$41.25 per share, for a total transaction of C$220,316.25.
• On Thursday, May 28th, K-Bro Linen Inc. acquired 2,070 shares of K-Bro Linen stock. The shares were bought at an average cost of C$41.20 per share, for a total transaction of C$85,284.00.

K-Bro Linen Trading Up 1.1%

Shares of TSE KBL opened at C$41.65 on Wednesday. The business’s 50 day moving average is C$37.98 and its two-hundred day moving average is C$36.15. The company has a debt-to-equity ratio of 116.44, a current ratio of 1.87 and a quick ratio of 0.87. K-Bro Linen Inc. has a 1-year low of C$33.30 and a 1-year high of C$42.69. The stock has a market capitalization of C$537.37 million, a P/E ratio of 25.87, a PEG ratio of 3.50 and a beta of 0.57.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.36 earnings per share for the quarter. K-Bro Linen had a return on equity of 7.12% and a net margin of 3.51%.The company had revenue of C$139.11 million for the quarter. As a group, research analysts expect that K-Bro Linen Inc. will post 2.3389262 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KBL shares. TD boosted their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. National Bank Financial set a C$51.00 price objective on K-Bro Linen and gave the stock an “outperform” rating in a research note on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$50.75.

About K-Bro Linen

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.