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

K-Bro Linen Inc. (TSE:KBL – Get Free Report) insider Jeffrey Ronald Gannon sold 1,225 shares of K-Bro Linen stock in a transaction that occurred on Wednesday, June 10th. The stock was 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 of the company’s stock, valued at C$647,094. This represents a 7.37% decrease in their ownership of the stock.

K-Bro Linen Stock Performance

Shares of TSE KBL opened at C$43.19 on Friday. 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 Inc. has a 12 month low of C$33.30 and a 12 month high of C$43.87. The stock has a 50 day moving average of C$39.26 and a 200-day moving average of C$36.54. The company has a market capitalization of C$557.24 million, a P/E ratio of 26.83, a P/E/G ratio of 3.50 and a beta of 0.89.

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K-Bro Linen (TSE:KBL – Get Free Report) last issued its 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 during the quarter. As a group, equities research analysts predict that K-Bro Linen Inc. will post 2.3389262 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. National Bank Financial set a C$51.00 price target on K-Bro Linen and gave the company an “outperform” rating in a research note on Friday, April 10th. TD boosted their price target on K-Bro Linen from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$51.00.

Read Our Latest Stock Report on KBL

About K-Bro Linen

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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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