K-Bro Linen Inc. (TSE:KBL - Get Free Report) Senior Officer Sean Philip Curtis sold 4,100 shares of K-Bro Linen stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$39.75, for a total transaction of C$162,975.00.
K-Bro Linen Stock Down 1.3 %
Shares of KBL opened at C$39.26 on Thursday. The firm has a market cap of C$410.66 million, a P/E ratio of 24.23, a P/E/G ratio of 3.50 and a beta of 1.08. K-Bro Linen Inc. has a 1 year low of C$30.69 and a 1 year high of C$40.03. The stock has a 50 day simple moving average of C$35.52 and a two-hundred day simple moving average of C$34.88. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87.
K-Bro Linen Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen's dividend payout ratio is presently 74.07%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Stifel Nicolaus upped their price objective on K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday, November 15th. TD Securities lifted their price target on K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th.
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Read Our Latest Research Report on K-Bro Linen
About K-Bro Linen
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Get Free Report)
K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.
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