K-Bro Linen Inc. (TSE:KBL) Senior Officer Sean Philip Curtis Sells 7,000 Shares

K-Bro Linen Inc. (TSE:KBL) Senior Officer Sean Philip Curtis sold 7,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of C$37.45, for a total transaction of C$262,150.00.

Sean Philip Curtis also recently made the following trade(s):

• On Tuesday, December 10th, Sean Philip Curtis sold 4,100 shares of K-Bro Linen stock. The shares were sold at an average price of C$39.75, for a total transaction of C$162,975.00.

K-Bro Linen Stock Performance

Shares of TSE KBL opened at C$38.79 on Thursday. K-Bro Linen Inc. has a 12-month low of C$30.69 and a 12-month high of C$40.03. The firm has a market capitalization of C$405.74 million, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. The firm has a 50 day moving average of C$35.67 and a 200 day moving average of C$34.96.

K-Bro Linen Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Thursday, October 31st. K-Bro Linen’s payout ratio is 74.07%.

Analysts Set New Price Targets

A number of equities research analysts have commented on KBL shares. Stifel Nicolaus lifted their target price on shares of K-Bro Linen from C$45.00 to C$46.00 in a research report on Friday, November 15th. TD Securities upped their price objective on K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th.

K-Bro Linen Company Profile

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, tablecloths, and drapes and other linens.