Insider Buying: K-Bro Linen (TSE:KBL) Insider Purchases 5,341 Shares of Stock

K-Bro Linen Inc. (TSE:KBL) insider K-Bro Linen Inc. acquired 5,341 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were purchased 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 position.

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 shares were purchased 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 shares were purchased 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 shares were purchased at an average cost of C$41.33 per share, for a total transaction of C$110,351.10.

K-Bro Linen Stock Performance

Shares of KBL traded up C$0.13 during mid-day trading on Tuesday, hitting C$41.20. 9,861 shares of the company’s stock were exchanged, compared to its average volume of 21,899. K-Bro Linen Inc. has a fifty-two week low of C$33.30 and a fifty-two week high of C$42.69. The firm has a market capitalization of C$531.56 million, a P/E ratio of 25.59, a P/E/G ratio of 3.50 and a beta of 0.57. The business’s 50 day moving average is C$37.98 and its two-hundred day moving average is C$36.15. 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:KBL) last announced its earnings results on Tuesday, May 5th. The company reported C$0.36 earnings per share for the quarter. K-Bro Linen had a net margin of 3.51% and a return on equity of 7.12%. The business had revenue of C$139.11 million during the quarter. On average, equities analysts expect that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KBL has been the subject of several recent research reports. National Bank Financial set a C$51.00 target price on shares of K-Bro Linen and gave the stock an “outperform” rating in a research note on Friday, April 10th. TD increased their target price on shares of K-Bro Linen from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, K-Bro Linen currently has a consensus rating of “Moderate Buy” and an average target price of C$50.20.

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.