K-Bro Linen (TSE:KBL) Insider Acquires C$189,950.03 in Stock

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. bought 4,541 shares of the stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of C$41.83 per share, with a total value of C$189,950.03. Following the completion of the purchase, the insider directly owned 333,240 shares in the company, valued at C$13,939,429.20. This trade represents a 1.38% increase in their position.

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

• On Wednesday, May 27th, K-Bro Linen Inc. bought 5,341 shares of K-Bro Linen stock. The stock was purchased at an average cost of C$41.25 per share, with a total value of C$220,316.25.
• On Thursday, May 28th, K-Bro Linen Inc. bought 2,070 shares of K-Bro Linen stock. The stock was purchased at an average cost of C$41.20 per share, with a total value of C$85,284.00.
• On Friday, May 29th, K-Bro Linen Inc. bought 2,670 shares of K-Bro Linen stock. The stock was purchased at an average cost of C$41.33 per share, with a total value of C$110,351.10.

K-Bro Linen Trading Up 0.3%

KBL stock traded up C$0.13 during midday trading on Tuesday, hitting C$41.20. The stock had a trading volume of 9,861 shares, compared to its average volume of 21,899. The firm has a market cap of C$531.56 million, a PE ratio of 25.59, a price-to-earnings-growth ratio of 3.50 and a beta of 0.57. 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 12-month low of C$33.30 and a 12-month high of C$42.69. The company’s 50-day moving average price is C$37.98 and its 200 day moving average price is C$36.15.

K-Bro Linen (TSE:KBL) last released its earnings results on Tuesday, May 5th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$139.11 million during the quarter. K-Bro Linen had a net margin of 3.51% and a return on equity of 7.12%. On average, equities research analysts predict that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on KBL. National Bank Financial set a C$51.00 target price on shares of K-Bro Linen and gave the stock an “outperform” rating in a research note on Friday, April 10th. TD lifted their target price on shares of 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, K-Bro Linen currently has a consensus rating of “Moderate Buy” and an average price target of C$50.20.

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.