K-Bro Linen Inc. (TSE:KBL) Director Matthew Bruce Hills Buys 3,000 Shares

K-Bro Linen Inc. (TSE:KBLGet Rating) Director Matthew Bruce Hills bought 3,000 shares of K-Bro Linen stock in a transaction that occurred 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 completion of the transaction, the director now owns 21,228 shares of the company’s stock, valued at C$639,259.99.

K-Bro Linen Stock Down 1.1 %

KBL stock opened at C$29.75 on Friday. The firm has a 50-day moving average of C$31.61 and a two-hundred day moving average of C$32.11. The company has a market cap of C$320.56 million and a price-to-earnings ratio of 66.11. The company has a current ratio of 1.78, a quick ratio of 0.94 and a debt-to-equity ratio of 55.28. K-Bro Linen Inc. has a 12 month low of C$29.56 and a 12 month high of C$41.46.

K-Bro Linen Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be given a $0.10 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.20 annualized dividend and a yield of 4.03%. K-Bro Linen’s dividend payout ratio is presently 266.67%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Stifel Nicolaus lowered their price target on K-Bro Linen from C$50.00 to C$47.00 in a research report on Wednesday, August 10th. Cormark dropped their price target on K-Bro Linen from C$42.00 to C$38.00 in a research note on Wednesday, August 10th. Finally, National Bankshares decreased their price target on K-Bro Linen from C$38.00 to C$36.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 10th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, K-Bro Linen presently has a consensus rating of “Moderate Buy” and a consensus price target 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.

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