K-Bro Linen Inc. (TSE:KBL) Senior Officer Sells C$262,150.00 in Stock

K-Bro Linen Inc. (TSE:KBL) Senior Officer Sean Philip Curtis sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of C$37.45, for a total value of C$262,150.00.

Sean Philip Curtis also recently made the following trade(s):

• On Tuesday, December 10th, Sean Philip Curtis sold 4,100 shares of K-Bro Linen stock. The stock was sold at an average price of C$39.75, for a total value of C$162,975.00.

K-Bro Linen Stock Performance

TSE:KBL opened at C$38.49 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. The stock has a 50 day simple moving average of C$35.82 and a 200 day simple moving average of C$35.06. K-Bro Linen Inc. has a 1-year low of C$30.69 and a 1-year high of C$40.03. The stock has a market cap of C$402.61 million, a P/E ratio of 23.76, a PEG ratio of 3.50 and a beta of 1.08.

K-Bro Linen Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.10 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.12%. K-Bro Linen’s payout ratio is presently 74.07%.

Wall Street Analysts Forecast Growth

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