Insider Selling: 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 business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$42.00, for a total transaction of C$51,450.00. Following the transaction, the insider owned 15,407 shares in the company, valued at C$647,094. The trade was a 7.37% decrease in their position.

K-Bro Linen Stock Down 1.3%

K-Bro Linen stock opened at C$42.65 on Tuesday. 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 12-month low of C$33.30 and a 12-month high of C$43.87. The firm’s fifty day moving average is C$39.42 and its 200 day moving average is C$36.61. The company has a market capitalization of C$550.27 million, a PE ratio of 26.49, a PEG ratio of 3.50 and a beta of 0.89.

K-Bro Linen (TSE:KBL) last announced its quarterly 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%. As a group, sell-side analysts predict that K-Bro Linen Inc. will post 2.3389262 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TD boosted their price target on shares of 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 set a C$51.00 price target on shares of K-Bro Linen and gave the company an “outperform” rating in a research note on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$51.00.

About K-Bro Linen

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.