K-Bro Linen Inc. (TSE:KBL – Get Free Report)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$42.52 and last traded at C$42.05, with a volume of 17487 shares trading hands. The stock had previously closed at C$41.68.
Analyst Ratings Changes
Several brokerages recently issued reports on KBL. National Bank Financial set a C$51.00 price target on K-Bro Linen and gave the company an “outperform” rating in a 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 stock a “buy” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$50.75.
View Our Latest Analysis on K-Bro Linen
K-Bro Linen Stock Performance
K-Bro Linen (TSE:KBL – Get Free Report) last issued its quarterly earnings data 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 net margin of 3.51% and a return on equity of 7.12%. Analysts forecast that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current year.
Insider Buying and Selling
In other K-Bro Linen news, insider K-Bro Linen Inc. acquired 5,341 shares of the stock in a transaction on Wednesday, May 27th. The stock was purchased at an average price of C$41.25 per share, for a total transaction of C$220,316.25. Following the purchase, the insider directly owned 338,581 shares in the company, valued at C$13,966,466.25. This trade represents a 1.60% increase in their ownership of the stock. Insiders bought a total of 14,622 shares of company stock valued at $605,901 over the last ninety days. Corporate insiders own 3.25% of the company’s stock.
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.
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