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BABA   83.81 (-0.69%)
AMD   68.11 (+0.25%)
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MU   53.74 (-1.81%)
CGC   2.98 (-2.93%)
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GE   66.56 (-1.30%)
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PYPL   94.39 (+0.60%)
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GOOGL   101.61 (+0.18%)
AMZN   119.93 (-0.84%)
TSLA   236.64 (-1.73%)
NVDA   132.54 (+0.34%)
NIO   15.10 (-5.86%)
BABA   83.81 (-0.69%)
AMD   68.11 (+0.25%)
T   15.56 (-2.32%)
MU   53.74 (-1.81%)
CGC   2.98 (-2.93%)
F   12.22 (-2.32%)
GE   66.56 (-1.30%)
DIS   100.43 (-0.37%)
AMC   7.32 (-0.14%)
PYPL   94.39 (+0.60%)
PFE   43.46 (-1.50%)
NFLX   235.37 (-0.57%)
S&P 500   3,775.68 (-0.20%)
DOW   30,187.47 (-0.29%)
QQQ   280.43 (-0.55%)
AAPL   146.00 (-0.27%)
MSFT   247.65 (-0.62%)
META   137.54 (-1.04%)
GOOGL   101.61 (+0.18%)
AMZN   119.93 (-0.84%)
TSLA   236.64 (-1.73%)
NVDA   132.54 (+0.34%)
NIO   15.10 (-5.86%)
BABA   83.81 (-0.69%)
AMD   68.11 (+0.25%)
T   15.56 (-2.32%)
MU   53.74 (-1.81%)
CGC   2.98 (-2.93%)
F   12.22 (-2.32%)
GE   66.56 (-1.30%)
DIS   100.43 (-0.37%)
AMC   7.32 (-0.14%)
PYPL   94.39 (+0.60%)
PFE   43.46 (-1.50%)
NFLX   235.37 (-0.57%)

Insider Buying: K-Bro Linen Inc. (TSE:KBL) Director Buys 3,000 Shares of Stock

K-Bro Linen Inc. (TSE:KBL - Get Rating) Director Matthew Bruce Hills bought 3,000 shares of the company's stock in a transaction on Thursday, September 22nd. The shares were acquired at an average price of C$30.11 per share, with a total value of C$90,342.00. Following the transaction, the director now directly owns 21,228 shares in the company, valued at approximately C$639,259.99.

K-Bro Linen Stock Down 1.1 %

TSE KBL traded down C$0.34 on Thursday, reaching C$29.75. The company had a trading volume of 5,625 shares, compared to its average volume of 14,023. The firm has a market capitalization of C$320.56 million and a price-to-earnings ratio of 66.11. The company has a debt-to-equity ratio of 55.28, a quick ratio of 0.94 and a current ratio of 1.78. K-Bro Linen Inc. has a 1-year low of C$29.56 and a 1-year high of C$41.46. The company's fifty day moving average is C$31.61 and its 200-day moving average is C$32.11.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Wednesday, September 28th. K-Bro Linen's payout ratio is presently 266.67%.

Analyst Ratings Changes

Several brokerages have recently issued reports on KBL. National Bankshares decreased their price target on shares of K-Bro Linen from C$38.00 to C$36.00 and set a "sector perform" rating for the company in a report on Wednesday, August 10th. Stifel Nicolaus decreased their price target on shares of K-Bro Linen from C$50.00 to C$47.00 in a report on Wednesday, August 10th. Finally, Cormark decreased their price target on shares of K-Bro Linen from C$42.00 to C$38.00 in a report on Wednesday, August 10th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$43.00.

About K-Bro Linen

(Get Rating)


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, and drapes and other linens.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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