K-Bro Linen Inc. (TSE:KBL) Given Average Recommendation of "Buy" by Analysts

Key Points

• Analysts have a consensus “Buy” rating on K-Bro Linen, with five buy ratings and one strong-buy rating. The average 12-month price target is C$53.17, above the stock’s reported C$47.17 price.
• Several firms recently raised their price targets to between C$54 and C$55, while TD Securities upgraded the stock to “strong buy.”
• K-Bro Linen reported quarterly EPS of C$0.78 on revenue of C$150.36 million. An insider subsequently sold 1,225 shares, reducing their position by 7.37%.

Shares of K-Bro Linen Inc. (TSE:KBL - Get Free Report) have been given a consensus recommendation of "Buy" by the six research firms that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$53.17.

Several research analysts have recently commented on the company. Stifel Nicolaus lifted their price objective on K-Bro Linen from C$52.00 to C$54.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. ATB Cormark Capital Markets boosted their price target on K-Bro Linen from C$50.00 to C$55.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. National Bank Financial upped their price objective on shares of K-Bro Linen from C$51.00 to C$54.00 and gave the stock an "outperform" rating in a report on Tuesday, July 28th. Raymond James Financial raised their target price on K-Bro Linen from C$50.00 to C$54.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Finally, TD Securities raised shares of K-Bro Linen to a "strong-buy" rating in a research note on Friday, July 24th.

Insider Transactions at K-Bro Linen

In related news, insider Jeffrey Ronald Gannon sold 1,225 shares of the stock in a transaction dated 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 sale, the insider directly owned 15,407 shares of the company's stock, valued at approximately C$647,094. This represents a 7.37% decrease in their position. 3.25% of the stock is currently owned by insiders.

K-Bro Linen Stock Performance

TSE:KBL opened at C$47.17 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.85 and a debt-to-equity ratio of 113.71. The business's 50-day moving average price is C$45.80 and its two-hundred day moving average price is C$40.71. The stock has a market cap of C$606.89 million, a P/E ratio of 27.58, a PEG ratio of 3.50 and a beta of 0.89. K-Bro Linen has a twelve month low of C$33.61 and a twelve month high of C$48.69.

K-Bro Linen (TSE:KBL - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported C$0.78 earnings per share (EPS) for the quarter. The company had revenue of C$150.36 million during the quarter. K-Bro Linen had a net margin of 3.67% and a return on equity of 7.89%. As a group, equities analysts predict that K-Bro Linen will post 2.3389262 EPS for the current fiscal year.

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.

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