K-Bro Linen (TSE:KBL) Insider Buys C$85,284.00 in Stock

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. bought 2,070 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average price of C$41.20 per share, for a total transaction of C$85,284.00. Following the transaction, the insider owned 340,651 shares in the company, valued at C$14,034,821.20. This represents a 0.61% 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. purchased 4,541 shares of K-Bro Linen stock. The stock was purchased at an average price 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 stock was bought at an average cost of C$41.25 per share, with a total value of C$220,316.25.
• On Friday, May 29th, K-Bro Linen Inc. acquired 2,670 shares of K-Bro Linen stock. The stock was bought at an average cost of C$41.33 per share, with a total value of C$110,351.10.

K-Bro Linen Stock Performance

Shares of KBL opened at C$41.18 on Friday. The company has a current ratio of 1.87, a quick ratio of 0.87 and a debt-to-equity ratio of 116.44. The company has a market capitalization of C$531.30 million, a price-to-earnings ratio of 25.58, a PEG ratio of 3.50 and a beta of 0.89. The stock has a 50 day moving average of C$38.35 and a 200 day moving average of C$36.25. K-Bro Linen Inc. has a 12 month low of C$33.30 and a 12 month high of C$42.69.

K-Bro Linen (TSE:KBL) last announced 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 business had revenue of C$139.11 million during the quarter. As a group, sell-side analysts forecast that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current year.

Analysts Set New Price Targets

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

K-Bro Linen Company Profile

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.