K-Bro Linen Inc. (TSE:KBL) Given Average Rating of “Buy” by Analysts

K-Bro Linen Inc. (TSE:KBL) has been given an average rating of “Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$53.17.

KBL has been the topic of a number of recent analyst reports. National Bank Financial increased their price target on K-Bro Linen from C$51.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Raymond James Financial lifted their price objective on K-Bro Linen from C$50.00 to C$54.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. ATB Cormark Capital Markets upped their target price on K-Bro Linen from C$50.00 to C$55.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Stifel Nicolaus increased their target price on K-Bro Linen from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, TD Securities upgraded K-Bro Linen to a “strong-buy” rating in a research report on Friday, July 24th.

K-Bro Linen Stock Performance

Shares of KBL opened at C$43.18 on Monday. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.87 and a current ratio of 1.85. The company has a market capitalization of C$555.55 million, a price-to-earnings ratio of 25.25, a PEG ratio of 3.50 and a beta of 0.91. The company’s 50 day simple moving average is C$45.96 and its 200 day simple moving average is C$41.06. K-Bro Linen has a 1 year low of C$33.61 and a 1 year high of C$48.69.

K-Bro Linen (TSE:KBL) last announced its earnings results on Tuesday, August 4th. The company reported C$0.78 earnings per share (EPS) for the quarter. The firm had revenue of C$150.36 million for the quarter. K-Bro Linen had a net margin of 3.67% and a return on equity of 7.89%. On average, sell-side analysts predict that K-Bro Linen will post 2.3389262 EPS for the current year.

Insider Buying and Selling

In other news, insider Jeffrey Ronald Gannon sold 1,225 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of C$42.00, for a total transaction of C$51,450.00. Following the transaction, the insider directly owned 15,407 shares in the company, valued at C$647,094. This represents a 7.37% decrease in their position. 3.25% of the stock is owned by company 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.