K-Bro Linen Inc. (TSE:KBL) Director Linda Jane Mccurdy Sells 300 Shares of Stock

K-Bro Linen Inc. (TSE:KBL) Director Linda Jane Mccurdy sold 300 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$39.74, for a total transaction of C$11,922.00.

K-Bro Linen Stock Up 1.2 %

KBL opened at C$40.02 on Tuesday. The firm has a market cap of C$418.61 million, a price-to-earnings ratio of 24.70, a PEG ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80. The firm’s 50-day simple moving average is C$35.33 and its 200-day simple moving average is C$34.79. K-Bro Linen Inc. has a twelve month low of C$30.69 and a twelve month high of C$40.02.

K-Bro Linen Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.20 annualized dividend and a yield of 3.00%. K-Bro Linen’s dividend payout ratio is 74.07%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. TD Securities lifted their target price on shares of K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th. 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.

About K-Bro Linen

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.