K-Bro Linen Inc. Buys 4,541 Shares of K-Bro Linen (TSE:KBL) Stock

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. purchased 4,541 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average cost of C$41.83 per share, with a total value of C$189,950.03. Following the acquisition, the insider owned 333,240 shares in the company, valued at C$13,939,429.20. This 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. purchased 5,341 shares of K-Bro Linen stock. The stock was bought 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. purchased 2,070 shares of K-Bro Linen stock. The stock was bought 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 shares were acquired at an average cost of C$41.33 per share, for a total transaction of C$110,351.10.

K-Bro Linen Trading Down 1.9%

Shares of KBL opened at C$40.85 on Thursday. K-Bro Linen Inc. has a 52-week low of C$33.30 and a 52-week high of C$42.69. The company has a quick ratio of 0.87, a current ratio of 1.87 and a debt-to-equity ratio of 116.44. The firm’s fifty day moving average is C$38.24 and its two-hundred day moving average is C$36.21. The stock has a market cap of C$527.05 million, a PE ratio of 25.37, a price-to-earnings-growth ratio of 3.50 and a beta of 0.89.

K-Bro Linen (TSE:KBL) last announced 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 for 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 fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KBL shares. 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 research report on Thursday, May 7th. National Bank Financial set a C$51.00 price target on shares of K-Bro Linen and gave the company an “outperform” rating in a research report on Friday, April 10th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.