K-Bro Linen (TSE:KBL) Insider Acquires C$220,316.25 in Stock

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. purchased 5,341 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of C$41.25 per share, for a total transaction of C$220,316.25. Following the purchase, the insider owned 338,581 shares in the company, valued at approximately C$13,966,466.25. The trade was a 1.60% increase in their position.

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 shares were purchased at an average price of C$41.83 per share, for a total transaction of C$189,950.03.
• On Thursday, May 28th, K-Bro Linen Inc. purchased 2,070 shares of K-Bro Linen stock. The shares were purchased at an average price of C$41.20 per share, for a total transaction of C$85,284.00.
• On Friday, May 29th, K-Bro Linen Inc. purchased 2,670 shares of K-Bro Linen stock. The shares were purchased at an average price of C$41.33 per share, for a total transaction of C$110,351.10.

K-Bro Linen Stock Up 0.8%

K-Bro Linen stock opened at C$41.18 on Friday. The company has a debt-to-equity ratio of 116.44, a quick ratio of 0.87 and a current ratio of 1.87. The business’s 50-day simple moving average is C$38.35 and its two-hundred day simple moving average is C$36.25. The company has a market cap of C$531.30 million, a PE ratio of 25.58, a PEG ratio of 3.50 and a beta of 0.89. K-Bro Linen Inc. has a fifty-two week low of C$33.30 and a fifty-two week high of C$42.69.

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

Analysts Set New Price Targets

KBL has been the topic of several research analyst reports. TD boosted their price target on K-Bro Linen from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. National Bank Financial set a C$51.00 target price on K-Bro Linen and gave the stock an “outperform” rating in a research note on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, K-Bro Linen has a consensus rating of “Buy” and a consensus price target 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.