K-Bro Linen Inc. (TSE:KBL - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$35.63 and traded as high as C$37.99. K-Bro Linen shares last traded at C$37.99, with a volume of 1,000 shares.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on KBL shares. Stifel Nicolaus boosted their target price on K-Bro Linen from C$45.00 to C$46.00 in a research report 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.
View Our Latest Stock Report on KBL
K-Bro Linen Trading Down 4.8 %
The business has a 50 day moving average of C$36.93 and a 200 day moving average of C$35.67. The firm has a market capitalization of C$378.23 million, a price-to-earnings ratio of 22.32, a PEG 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.
K-Bro Linen Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.32%. K-Bro Linen's dividend payout ratio is currently 74.07%.
Insider Buying and Selling
In other news, Senior Officer Sean Philip Curtis sold 7,000 shares of K-Bro Linen 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. Over the last three months, insiders have sold 11,400 shares of company stock worth $437,047. Insiders own 3.25% of the company's stock.
About K-Bro Linen
(
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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.
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