K-Bro Linen (TSE:KBL) Insider K-Bro Linen Inc. Acquires 5,341 Shares

K-Bro Linen Inc. (TSE:KBLGet Free Report) insider K-Bro Linen Inc. purchased 5,341 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of C$41.25 per share, for a total transaction of C$220,316.25. Following the acquisition, the insider owned 338,581 shares of the company’s stock, valued at approximately C$13,966,466.25. The trade was 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 stock was acquired at an average cost 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 stock was acquired at an average cost 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 stock was acquired at an average cost of C$41.33 per share, for a total transaction of C$110,351.10.

K-Bro Linen Price Performance

Shares of KBL opened at C$41.65 on Wednesday. K-Bro Linen Inc. has a twelve month low of C$33.30 and a twelve month high of C$42.69. The stock’s 50 day moving average is C$37.98 and its two-hundred day moving average is C$36.15. The firm has a market capitalization of C$537.37 million, a PE ratio of 25.87, a P/E/G ratio of 3.50 and a beta of 0.57. The company has a current ratio of 1.87, a quick ratio of 0.87 and a debt-to-equity ratio of 116.44.

K-Bro Linen (TSE:KBLGet Free Report) last announced 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 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. Research analysts anticipate that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KBL shares. TD lifted their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Thursday, May 7th. National Bank Financial set a C$51.00 price objective on K-Bro Linen and gave the company an “outperform” rating in a report on Friday, April 10th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$50.75.

View Our Latest Stock Report on KBL

K-Bro Linen Company Profile

(Get Free Report)

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.

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