K-Bro Linen (TSE:KBL) Insider Buys C$110,351.10 in Stock

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. acquired 2,670 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of C$41.33 per share, with a total value of C$110,351.10. Following the transaction, the insider directly owned 343,321 shares in the company, valued at C$14,189,456.93. The trade was a 0.78% 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 acquired at an average cost of C$41.83 per share, with a total value of C$189,950.03.
• On Wednesday, May 27th, K-Bro Linen Inc. acquired 5,341 shares of K-Bro Linen stock. The shares were acquired 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. acquired 2,070 shares of K-Bro Linen stock. The shares were acquired at an average cost of C$41.20 per share, with a total value of C$85,284.00.

K-Bro Linen Price Performance

TSE KBL opened at C$41.18 on Friday. K-Bro Linen Inc. has a twelve month low of C$33.30 and a twelve month high of C$42.69. 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 stock has a market capitalization of C$531.30 million, a PE ratio of 25.58, a P/E/G ratio of 3.50 and a beta of 0.89. The stock has a 50-day simple moving average of C$38.35 and a 200 day simple moving average of C$36.25.

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

Wall Street Analysts Forecast Growth

KBL has been the topic of several research 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 price target on K-Bro Linen and gave the company 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.com, the company currently has a consensus rating of “Buy” and an average 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.