K-Bro Linen (TSE:KBL) Insider Jeffrey Ronald Gannon Sells 1,225 Shares

K-Bro Linen Inc. (TSE:KBL) insider Jeffrey Ronald Gannon sold 1,225 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of C$42.00, for a total value of C$51,450.00. Following the transaction, the insider owned 15,407 shares in the company, valued at approximately C$647,094. This trade represents a 7.37% decrease in their position.

K-Bro Linen Stock Performance

KBL stock traded down C$0.04 during midday trading on Friday, hitting C$43.19. 7,918 shares of the company traded hands, compared to its average volume of 21,311. K-Bro Linen Inc. has a twelve month low of C$33.30 and a twelve month high of C$43.87. 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 has a 50 day simple moving average of C$39.26 and a 200-day simple moving average of C$36.54. The stock has a market capitalization of C$557.24 million, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 3.50 and a beta of 0.89.

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

Analyst Ratings Changes

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

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.