K-Bro Linen Inc. (TSE:KBL) Senior Officer Sells C$162,975.00 in Stock

Posted by Tyrone Williams on Dec 11th, 2024

K-Bro Linen Inc. (TSE:KBL – Get Free Report) Senior Officer Sean Philip Curtis sold 4,100 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$39.75, for a total value of C$162,975.00.

K-Bro Linen Price Performance

TSE KBL traded down C$0.51 during trading on Wednesday, reaching C$39.26. The company’s stock had a trading volume of 6,005 shares, compared to its average volume of 11,925. The stock has a market capitalization of C$410.66 million, a PE ratio of 24.55, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. The firm has a fifty day moving average of C$35.44 and a 200 day moving average of C$34.84. K-Bro Linen Inc. has a one year low of C$30.69 and a one year high of C$40.03.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis 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 currently 74.07%.

Wall Street Analyst Weigh In

Several 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 research note on Friday, November 15th. TD Securities boosted their price objective on shares of K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday, November 15th.

Check Out Our Latest Stock Report on K-Bro Linen

K-Bro Linen Company Profile

(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.