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 company’s stock in a transaction dated Monday, December 9th. The stock was 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 %

Shares of TSE KBL opened at C$40.02 on Tuesday. The firm has a 50 day moving average price of C$35.33 and a 200 day moving average price of C$34.79. 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 has a market cap of C$418.61 million, a P/E ratio of 24.70, a P/E/G ratio of 3.50 and a beta of 1.08. K-Bro Linen Inc. has a 52-week low of C$30.69 and a 52-week high of C$40.02.

K-Bro Linen Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Securities upped their price objective on K-Bro Linen from C$46.00 to C$48.00 in a report on Friday, November 15th. Stifel Nicolaus raised their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note 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.