K-Bro Linen Inc. (TSE:KBL) Receives C$53.17 Consensus Target Price from Analysts

Shares of K-Bro Linen Inc. (TSE:KBL – Get Free Report) have received an average recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$53.17.

Several brokerages have commented on KBL. Stifel Nicolaus raised their price target on shares of K-Bro Linen from C$52.00 to C$54.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. ATB Cormark Capital Markets upped their price objective on K-Bro Linen from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. TD increased their price objective 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. National Bank Financial lifted their target price on K-Bro Linen from C$51.00 to C$54.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Finally, Raymond James Financial boosted their target price on K-Bro Linen from C$50.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th.

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Insider Transactions at K-Bro Linen

In related news, insider K-Bro Linen Inc. acquired 2,670 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of C$41.33 per share, for a total transaction of C$110,351.10. Following the purchase, the insider owned 343,321 shares of the company’s stock, valued at C$14,189,456.93. This represents a 0.78% increase in their position. Also, insider Jeffrey Ronald Gannon sold 1,225 shares of K-Bro Linen stock in a transaction dated 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 completion of the transaction, the insider owned 15,407 shares of the company’s stock, valued at C$647,094. The trade was a 7.37% decrease in their position. Insiders acquired a total of 14,622 shares of company stock worth $605,901 in the last ninety days. 3.25% of the stock is owned by corporate insiders.

K-Bro Linen Trading Down 2.8%

TSE KBL opened at C$45.20 on Thursday. The firm has a 50 day simple moving average of C$44.97 and a 200-day simple moving average of C$39.72. The company has a debt-to-equity ratio of 113.71, a quick ratio of 0.87 and a current ratio of 1.85. K-Bro Linen has a one year low of C$33.41 and a one year high of C$48.69. The firm has a market cap of C$583.17 million, a price-to-earnings ratio of 26.43, a PEG ratio of 3.50 and a beta of 0.89.

K-Bro Linen (TSE:KBL – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$0.78 earnings per share for the quarter. K-Bro Linen had a net margin of 3.67% and a return on equity of 7.89%. The firm had revenue of C$150.36 million during the quarter. Equities research analysts anticipate that K-Bro Linen will post 2.3389262 EPS for the current fiscal year.

About K-Bro Linen

(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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