K-Bro Linen Inc. (TSE:KBL) Senior Officer Sean Philip Curtis Sells 7,000 Shares of Stock

K-Bro Linen Inc. (TSE:KBL) Senior Officer Sean Philip Curtis sold 7,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was 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 Price Performance

TSE:KBL opened at C$38.55 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’s fifty day moving average is C$35.59 and its two-hundred day moving average is C$34.92. The company has a market capitalization of C$403.23 million, a P/E ratio of 23.80, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82.

K-Bro Linen Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.20 annualized dividend and a yield of 3.11%. K-Bro Linen’s dividend payout ratio (DPR) is currently 74.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KBL. Stifel Nicolaus boosted their price target on shares of K-Bro Linen from C$45.00 to C$46.00 in a research report on Friday, November 15th. TD Securities boosted their target price on shares of K-Bro Linen from C$46.00 to C$48.00 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.