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

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

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 shares were 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 shares were 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 shares were bought at an average price of C$41.33 per share, with a total value of C$110,351.10.

K-Bro Linen Price Performance

Shares of KBL stock traded up C$0.13 during midday trading on Tuesday, reaching C$41.20. 9,861 shares of the company traded hands, compared to its average volume of 21,899. The firm’s 50 day simple moving average is C$37.98 and its two-hundred day simple moving average is C$36.15. K-Bro Linen Inc. has a 1-year low of C$33.30 and a 1-year high of C$42.69. 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 firm has a market cap of C$531.56 million, a PE ratio of 25.59, a price-to-earnings-growth ratio of 3.50 and a beta of 0.57.

K-Bro Linen (TSE:KBL) last issued 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 business had revenue of C$139.11 million during the quarter. On average, equities research analysts expect that K-Bro Linen Inc. will post 2.3389262 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KBL shares. 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 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 research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.