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

K-Bro Linen Inc. (TSE:KBL) Senior Officer Ryo Utahara sold 650 shares of the business’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of C$34.50, for a total value of C$22,425.00.

K-Bro Linen Price Performance

TSE KBL opened at C$34.82 on Thursday. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08. The stock has a market cap of C$365.37 million, a price-to-earnings ratio of 19.49, a PEG ratio of 3.50 and a beta of 1.08. The business has a 50 day simple moving average of C$35.16 and a 200 day simple moving average of C$35.54. K-Bro Linen Inc. has a 52-week low of C$32.03 and a 52-week high of C$40.03.

K-Bro Linen Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.