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

K-Bro Linen Inc. (TSE:KBL - Get Free Report) 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 transaction of C$22,425.00.

K-Bro Linen Stock Performance

Shares of KBL traded up C$0.23 during trading hours on Friday, reaching C$35.25. 20,934 shares of the company traded hands, compared to its average volume of 13,696. The stock has a market cap of C$369.88 million, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. K-Bro Linen Inc. has a 1-year low of C$32.03 and a 1-year high of C$40.03. The stock's fifty day moving average is C$35.15 and its 200 day moving average is C$35.54. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08.

K-Bro Linen Dividend Announcement

The firm also recently announced 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 payout ratio is currently 67.15%.

Analysts Set New Price Targets

KBL has been the topic of a number of research analyst reports. Raymond James Financial lifted their price target on K-Bro Linen from C$45.00 to C$48.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Stifel Nicolaus lifted their target price on shares of K-Bro Linen from C$46.00 to C$50.00 in a research note on Friday, June 13th. Acumen Capital upped their price target 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. TD Securities increased their price objective on K-Bro Linen from C$49.00 to C$50.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Finally, Cormark downgraded K-Bro Linen from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 4th.

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.