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

K-Bro Linen Inc. (TSE:KBL - Get Free Report) Senior Officer Ryo Utahara sold 650 shares of the firm's stock in a transaction 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 Trading Up 1.1%

TSE:KBL traded up C$0.39 during mid-day trading on Tuesday, hitting C$34.74. 16,510 shares of the stock traded hands, compared to its average volume of 12,886. The company has a quick ratio of 0.87, a current ratio of 2.08 and a debt-to-equity ratio of 102.23. K-Bro Linen Inc. has a 52 week low of C$32.03 and a 52 week high of C$40.03. The stock has a market capitalization of C$364.53 million, a price-to-earnings ratio of 19.44, a PEG ratio of 3.50 and a beta of 1.08. The firm's 50 day moving average is C$35.20 and its two-hundred day moving average is C$35.61.

K-Bro Linen Dividend Announcement

The firm also recently declared 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 is currently 67.15%.

Analysts Set New Price Targets

KBL has been the subject of several research reports. TD Securities increased their price objective on shares of K-Bro Linen from C$49.00 to C$50.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Stifel Nicolaus lifted their price target on K-Bro Linen from C$46.00 to C$50.00 in a research report on Friday, June 13th. Cormark cut K-Bro Linen from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 4th. Acumen Capital raised their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Finally, Raymond James Financial boosted their target price on 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.

About K-Bro Linen

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.

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