Key Points
- K-Bro Linen Inc. bought 2,670 more shares of its own stock on May 29 at an average price of C$41.33, bringing its direct holdings to 343,321 shares.
- The company had also been steadily buying shares in the days before that, including purchases on May 26, 27, and 28, signaling continued insider accumulation.
- K-Bro Linen stock rose 1.1%, and analysts currently rate it a Moderate Buy with an average price target of C$50.75.
K-Bro Linen Inc. (TSE:KBL - Get Free Report) insider K-Bro Linen Inc. acquired 2,070 shares of the firm's stock in a transaction on Thursday, May 28th. The stock was purchased at an average price of C$41.20 per share, with a total value of C$85,284.00. Following the transaction, the insider owned 340,651 shares of the company's stock, valued at approximately C$14,034,821.20. This trade represents a 0.61% 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 stock was purchased at an average price of C$41.83 per share, with a total value of C$189,950.03.
- On Wednesday, May 27th, K-Bro Linen Inc. acquired 5,341 shares of K-Bro Linen stock. The stock was purchased at an average price of C$41.25 per share, with a total value of C$220,316.25.
- On Friday, May 29th, K-Bro Linen Inc. acquired 2,670 shares of K-Bro Linen stock. The stock was purchased at an average price of C$41.33 per share, with a total value of C$110,351.10.
K-Bro Linen Stock Up 1.1%
KBL stock opened at C$41.65 on Wednesday. The stock has a market capitalization of C$537.37 million, a P/E ratio of 25.87, a P/E/G ratio of 3.50 and a beta of 0.57. The firm has a 50-day simple moving average of C$37.98 and a 200-day simple moving average of C$36.15. The company has a quick ratio of 0.87, a current ratio of 1.87 and a debt-to-equity ratio of 116.44. K-Bro Linen Inc. has a 52 week low of C$33.30 and a 52 week high of C$42.69.
K-Bro Linen (TSE:KBL - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$139.11 million during the quarter. K-Bro Linen had a net margin of 3.51% and a return on equity of 7.12%. Equities analysts forecast that K-Bro Linen Inc. will post 2.3389262 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
KBL has been the subject of a number of 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 boosted 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. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$50.75.
Read Our Latest Analysis on K-Bro Linen
K-Bro Linen Company Profile
(
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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