K-Bro Linen (TSE:KBL) Insider Sells C$51,450.00 in Stock

K-Bro Linen Inc. (TSE:KBL) insider Jeffrey Ronald Gannon sold 1,225 shares of the firm’s stock in a transaction on 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 sale, the insider owned 15,407 shares in the company, valued at C$647,094. The trade was a 7.37% decrease in their ownership of the stock.

K-Bro Linen Stock Performance

Shares of TSE KBL traded down C$0.04 during midday trading on Friday, reaching C$43.19. 7,918 shares of the company traded hands, compared to its average volume of 21,311. K-Bro Linen Inc. has a 52 week low of C$33.30 and a 52 week high of C$43.87. The stock has a 50-day moving average price of C$39.26 and a 200 day moving average price of C$36.54. The company has a debt-to-equity ratio of 116.44, a current ratio of 1.87 and a quick ratio of 0.87. The company has a market cap of C$557.24 million, a price-to-earnings ratio of 26.83, a PEG ratio of 3.50 and a beta of 0.89.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.36 EPS for the quarter. K-Bro Linen had a net margin of 3.51% and a return on equity of 7.12%. The firm had revenue of C$139.11 million for the quarter. Sell-side analysts anticipate that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current fiscal year.

Analyst Ratings Changes

KBL has been the topic of several research reports. National Bank Financial set a C$51.00 price target on K-Bro Linen and gave the stock an “outperform” rating in a research note on Friday, April 10th. TD lifted their price target on 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. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$51.00.

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.