Key Points
- Insider sale: Director Scott Ian Inglis sold 3,191 shares on Dec. 13 at an average price of C$35.41, totaling about C$112,993.
- Analyst update: TD Securities cut its price target from C$55 to C$50, and the stock carries a consensus rating of "Moderate Buy" with an average target of C$50 (three Buys, one Hold).
- Company snapshot: K-Bro is trading near C$35.30 with a market cap of C$454M, a high debt-to-equity ratio of 102.23 and a P/E of 20.64, versus a one-year range of C$32.03–C$39.43.
K-Bro Linen Inc. (TSE:KBL - Get Free Report) insider Scott Ian Inglis sold 3,191 shares of the stock in a transaction that occurred on Saturday, December 13th. The shares were sold at an average price of C$35.41, for a total value of C$112,993.31.
K-Bro Linen Stock Performance
TSE:KBL opened at C$35.30 on Tuesday. The company has a debt-to-equity ratio of 102.23, a current ratio of 2.08 and a quick ratio of 0.87. The company has a market cap of C$453.96 million, a price-to-earnings ratio of 20.64, a PEG ratio of 3.50 and a beta of 0.51. K-Bro Linen Inc. has a 1 year low of C$32.03 and a 1 year high of C$39.43. The stock's 50 day simple moving average is C$36.19 and its two-hundred day simple moving average is C$35.78.
Analysts Set New Price Targets
Separately, TD Securities dropped their price objective on shares of K-Bro Linen from C$55.00 to C$50.00 in a research note on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, K-Bro Linen presently has a consensus rating of "Moderate Buy" and an average target price of C$50.00.
Read Our Latest Research Report on K-Bro Linen
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.
Further Reading
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