K-Bro Linen (TSE:KBL) Sets New 1-Year High – Should You Buy?

K-Bro Linen Inc. (TSE:KBL) hit a new 52-week high on Thursday . The stock traded as high as C$45.50 and last traded at C$45.45, with a volume of 3606 shares traded. The stock had previously closed at C$44.12.

Analyst Ratings Changes

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

K-Bro Linen Price Performance

The stock’s fifty day moving average price is C$42.02 and its 200-day moving average price is C$37.76. The company has a debt-to-equity ratio of 116.44, a current ratio of 1.87 and a quick ratio of 0.87. The firm has a market cap of C$592.46 million, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 3.50 and a beta of 0.89.

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

Insider Buying and Selling at K-Bro Linen

In other K-Bro Linen news, insider K-Bro Linen Inc. bought 2,670 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of C$41.33 per share, with a total value of C$110,351.10. Following the completion of the transaction, the insider directly owned 343,321 shares in the company, valued at approximately C$14,189,456.93. This represents a 0.78% increase in their position. Also, insider Jeffrey Ronald Gannon sold 1,225 shares of K-Bro Linen stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$42.00, for a total value of C$51,450.00. Following the transaction, the insider owned 15,407 shares in the company, valued at C$647,094. This represents a 7.37% decrease in their position. In the last ninety days, insiders bought 14,622 shares of company stock valued at $605,901. 3.25% of the stock is currently owned by insiders.

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.