K-Bro Linen Inc. (TSE:KBL) Director Sells C$11,922.00 in Stock

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

K-Bro Linen Price Performance

K-Bro Linen stock traded up C$0.46 during midday trading on Monday, reaching C$39.99. 13,917 shares of the company were exchanged, compared to its average volume of 11,953. The company has a market capitalization of C$418.30 million, a price-to-earnings ratio of 24.40, a P/E/G ratio of 3.50 and a beta of 1.08. The firm’s 50-day simple moving average is C$35.23 and its 200-day simple moving average is C$34.75. K-Bro Linen Inc. has a 1 year low of C$30.69 and a 1 year high of C$40.02. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80.

K-Bro Linen Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KBL shares. Stifel Nicolaus raised their target price on K-Bro Linen from C$45.00 to C$46.00 in a report on Friday, November 15th. TD Securities raised their price target on K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th.

K-Bro Linen Company Profile

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.