K-Bro Linen (TSE:KBL) Insider Sells C$112,993.31 in Stock

K-Bro Linen Inc. (TSE:KBL) insider Scott Ian Inglis sold 3,191 shares of the business’s stock in a transaction that occurred on Saturday, December 13th. The stock was sold at an average price of C$35.41, for a total transaction of C$112,993.31.

K-Bro Linen Price Performance

Shares of KBL stock traded down C$0.38 during trading hours on Monday, hitting C$35.03. 13,007 shares of the company’s stock were exchanged, compared to its average volume of 16,930. The company has a market capitalization of C$450.49 million, a PE ratio of 20.49, a PEG ratio of 3.50 and a beta of 0.51. The company has a current ratio of 2.08, a quick ratio of 0.87 and a debt-to-equity ratio of 102.23. K-Bro Linen Inc. has a 12-month low of C$32.03 and a 12-month high of C$39.43. The business’s 50 day simple moving average is C$36.21 and its 200-day simple moving average is C$35.77.

Wall Street Analyst Weigh In

Separately, TD Securities dropped their price target on shares of K-Bro Linen from C$55.00 to C$50.00 in a research report on Friday, November 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$50.00.

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.