K-Bro Linen Inc. Buys 5,341 Shares of K-Bro Linen (TSE:KBL) Stock

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. acquired 5,341 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average price of C$41.25 per share, for a total transaction of C$220,316.25. Following the purchase, the insider owned 338,581 shares in the company, valued at approximately C$13,966,466.25. This represents a 1.60% increase in their ownership of the stock.

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 bought at an average price of C$41.83 per share, for a total transaction of C$189,950.03.
• On Thursday, May 28th, K-Bro Linen Inc. acquired 2,070 shares of K-Bro Linen stock. The shares were bought at an average price of C$41.20 per share, for a total transaction of C$85,284.00.
• On Friday, May 29th, K-Bro Linen Inc. acquired 2,670 shares of K-Bro Linen stock. The shares were bought at an average price of C$41.33 per share, for a total transaction of C$110,351.10.

K-Bro Linen Trading Down 1.9%

Shares of K-Bro Linen stock opened at C$40.85 on Thursday. K-Bro Linen Inc. has a 12-month low of C$33.30 and a 12-month high of C$42.69. The stock has a market cap of C$527.05 million, a P/E ratio of 25.37, a P/E/G ratio of 3.50 and a beta of 0.89. 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 business’s 50 day moving average is C$38.24 and its 200-day moving average is C$36.21.

K-Bro Linen (TSE:KBL) last posted its quarterly earnings results 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 for the quarter. Equities research analysts predict that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. 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. TD increased 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. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.