K-Bro Linen Inc. Buys 2,070 Shares of K-Bro Linen (TSE:KBL) Stock

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. purchased 2,070 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were acquired at an average price of C$41.20 per share, with a total value of C$85,284.00. Following the purchase, the insider directly owned 340,651 shares in the company, valued at C$14,034,821.20. This represents a 0.61% 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 acquired at an average price of C$41.83 per share, with a total value of C$189,950.03.
• On Wednesday, May 27th, K-Bro Linen Inc. purchased 5,341 shares of K-Bro Linen stock. The shares were acquired at an average price of C$41.25 per share, with a total value of C$220,316.25.
• On Friday, May 29th, K-Bro Linen Inc. purchased 2,670 shares of K-Bro Linen stock. The shares were acquired at an average price of C$41.33 per share, with a total value of C$110,351.10.

K-Bro Linen Stock Up 0.3%

KBL stock traded up C$0.13 during midday trading on Tuesday, reaching C$41.20. 9,861 shares of the company’s stock traded hands, compared to its average volume of 21,899. The company has a market cap of C$531.56 million, a price-to-earnings ratio of 25.59, a P/E/G ratio of 3.50 and a beta of 0.57. The firm’s fifty day moving average price is C$37.98 and its 200-day moving average price is C$36.15. The company has a quick ratio of 0.87, a current ratio of 1.87 and a debt-to-equity ratio of 116.44. K-Bro Linen Inc. has a 52 week low of C$33.30 and a 52 week high of C$42.69.

K-Bro Linen (TSE:KBL) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$0.36 earnings per share (EPS) for the quarter. The firm 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%. As a group, sell-side analysts forecast that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on KBL. National Bank Financial set a C$51.00 price objective on shares of K-Bro Linen and gave the stock an “outperform” rating in a report on Friday, April 10th. TD lifted their price objective on shares of K-Bro Linen from C$50.00 to C$52.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$50.20.

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.