K-Bro Linen (TSE:KBL) Insider K-Bro Linen Inc. Acquires 4,541 Shares

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. purchased 4,541 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of C$41.83 per share, with a total value of C$189,950.03. Following the acquisition, the insider directly owned 333,240 shares in the company, valued at approximately C$13,939,429.20. This represents a 1.38% increase in their ownership of the stock.

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 price 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 price of C$41.20 per share, with a total value of C$85,284.00.
• On Friday, May 29th, K-Bro Linen Inc. purchased 2,670 shares of K-Bro Linen stock. The stock was bought at an average price of C$41.33 per share, with a total value of C$110,351.10.

K-Bro Linen Stock Performance

Shares of KBL opened at C$41.65 on Wednesday. The company has a 50-day simple moving average of C$37.98 and a 200-day simple moving average of 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. The company has a market capitalization of C$537.37 million, a PE ratio of 25.87, a P/E/G ratio of 3.50 and a beta of 0.57. 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 issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.36 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%. Equities research analysts predict 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 equities research analysts recently commented on KBL shares. TD increased their price objective on shares of 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 objective on shares of K-Bro Linen and gave the company an “outperform” rating in a research note on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, K-Bro Linen has an average rating of “Moderate Buy” and a consensus target price 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.