K-Bro Linen (TSE:KBL) Sets New 52-Week High – Should You Buy?

K-Bro Linen Inc. (TSE:KBL)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$42.52 and last traded at C$42.05, with a volume of 17487 shares. The stock had previously closed at C$41.68.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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 research note on Friday, April 10th. TD raised their target price 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. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$50.75.

K-Bro Linen Trading Down 0.8%

The company has a debt-to-equity ratio of 116.44, a current ratio of 1.87 and a quick ratio of 0.87. The company’s fifty day moving average is C$38.77 and its 200-day moving average is C$36.39. The stock has a market cap of C$548.59 million, a PE ratio of 26.41, a PEG ratio of 3.50 and a beta of 0.89.

K-Bro Linen (TSE:KBL) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$0.36 earnings per share for the quarter. K-Bro Linen had a net margin of 3.51% and a return on equity of 7.12%. The company had revenue of C$139.11 million during the quarter. On average, analysts predict that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider K-Bro Linen Inc. acquired 5,341 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average price of C$41.25 per share, with a total value of C$220,316.25. Following the completion of the acquisition, the insider owned 338,581 shares of the company’s stock, valued at approximately C$13,966,466.25. This represents a 1.60% increase in their ownership of the stock. Insiders have acquired a total of 14,622 shares of company stock valued at $605,901 over the last three months. 3.25% of the stock is currently owned by 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.