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

K-Bro Linen Inc. (TSE:KBL) Director Linda Jane Mccurdy sold 300 shares of the stock in a transaction that occurred 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 Trading Down 0.6 %

Shares of TSE:KBL opened at C$39.77 on Wednesday. K-Bro Linen Inc. has a 52-week low of C$30.69 and a 52-week high of C$40.03. The stock has a market capitalization of C$415.99 million, a price-to-earnings ratio of 24.55, 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 stock’s 50-day simple moving average is C$35.44 and its two-hundred day simple moving average is C$34.84.

K-Bro Linen Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.02%. K-Bro Linen’s dividend payout ratio is currently 74.07%.

Analysts Set New Price Targets

Several analysts have commented on KBL shares. Stifel Nicolaus increased their target price on K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday, November 15th. TD Securities increased their price objective 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.