K-Bro Linen Inc. (TSE:KBL) Senior Officer Ryo Utahara Sells 650 Shares of Stock

K-Bro Linen Inc. (TSE:KBL) Senior Officer Ryo Utahara sold 650 shares of K-Bro Linen stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of C$34.50, for a total transaction of C$22,425.00.

K-Bro Linen Stock Up 1.5%

K-Bro Linen stock opened at C$34.85 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 2.08 and a debt-to-equity ratio of 102.23. The firm has a market cap of C$365.68 million, a P/E ratio of 19.50, a P/E/G ratio of 3.50 and a beta of 1.08. The business has a fifty day moving average of C$35.18 and a two-hundred day moving average of C$35.58. K-Bro Linen Inc. has a twelve month low of C$32.03 and a twelve month high of C$40.03.

K-Bro Linen Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.10 per share. K-Bro Linen’s dividend payout ratio (DPR) is currently 67.15%.

Wall Street Analyst Weigh In

Several research analysts have commented on KBL shares. Raymond James Financial raised their price objective on K-Bro Linen from C$45.00 to C$48.00 and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. Cormark lowered K-Bro Linen from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, June 4th. TD Securities lifted their price objective on K-Bro Linen from C$49.00 to C$50.00 and gave the company a “buy” rating in a report on Friday, June 13th. Acumen Capital upped their price objective on shares of K-Bro Linen from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Finally, Stifel Nicolaus increased their target price on shares of K-Bro Linen from C$46.00 to C$50.00 in a report on Friday, June 13th.

K-Bro Linen Company Profile

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play.