K-Bro Linen (TSE:KBL) Insider K-Bro Linen Inc. Purchases 2,070 Shares of Stock

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. acquired 2,070 shares of the stock in a transaction dated Thursday, May 28th. The shares were bought at an average price of C$41.20 per share, with a total value of C$85,284.00. Following the completion of the purchase, the insider directly owned 340,651 shares of the company’s stock, valued at approximately C$14,034,821.20. This trade represents a 0.61% increase in their position.

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 price of C$41.83 per share, with a total value of C$189,950.03.
• On Wednesday, May 27th, K-Bro Linen Inc. bought 5,341 shares of K-Bro Linen stock. The shares were acquired at an average price of C$41.25 per share, with a total value of C$220,316.25.
• On Friday, May 29th, K-Bro Linen Inc. bought 2,670 shares of K-Bro Linen stock. The shares were acquired at an average price of C$41.33 per share, with a total value of C$110,351.10.

K-Bro Linen Trading Up 1.1%

TSE KBL opened at C$41.65 on Wednesday. The company has a market capitalization of C$537.37 million, a PE ratio of 25.87, a P/E/G ratio of 3.50 and a beta of 0.57. The company has a fifty day moving average of C$37.98 and a 200 day moving average of C$36.15. K-Bro Linen Inc. has a 1 year low of C$33.30 and a 1 year high of C$42.69. 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 (TSE:KBL) last posted its earnings results on Tuesday, May 5th. The company reported C$0.36 earnings per share (EPS) for the quarter. The company 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%. Research analysts forecast that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KBL shares. National Bank Financial set a C$51.00 target price on shares of K-Bro Linen and gave the company an “outperform” rating in a research report on Friday, April 10th. TD boosted their target price on shares of 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.