K-Bro Linen (TSE:KBL) Insider Purchases C$189,950.03 in Stock

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. acquired 4,541 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of C$41.83 per share, for a total transaction of C$189,950.03. Following the acquisition, the insider owned 333,240 shares of the company’s stock, 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. acquired 5,341 shares of K-Bro Linen stock. The shares were bought at an average price of C$41.25 per share, for a total transaction 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 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 Stock Performance

KBL opened at C$41.18 on Friday. K-Bro Linen Inc. has a 52-week low of C$33.30 and a 52-week high of C$42.69. 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 cap of C$531.30 million, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 3.50 and a beta of 0.89. The firm’s 50-day moving average price is C$38.35 and its 200-day moving average price is C$36.25.

K-Bro Linen (TSE:KBL) last issued its earnings results 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 return on equity of 7.12% and a net margin of 3.51%. As a group, equities analysts anticipate that K-Bro Linen Inc. will post 2.3389262 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KBL shares. National Bank Financial set a C$51.00 target price on K-Bro Linen and gave the company an “outperform” rating in a research report on Friday, April 10th. TD upped their target price on K-Bro Linen from C$50.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average 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.