K-Bro Linen (TSE:KBL) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Posted by Defense World Staff on Jan 2nd, 2025

K-Bro Linen Inc. (TSE:KBL – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$35.42 and traded as high as C$37.88. K-Bro Linen shares last traded at C$37.88, with a volume of 750 shares.

Wall Street Analysts Forecast Growth

KBL has been the subject of a number of analyst reports. TD Securities upped their price target on K-Bro Linen from C$46.00 to C$48.00 in a report on Friday, November 15th. Stifel Nicolaus upped their price target on K-Bro Linen from C$45.00 to C$46.00 in a report on Friday, November 15th.

Check Out Our Latest Stock Analysis on KBL

K-Bro Linen Stock Up 1.7 %

The business has a fifty day simple moving average of C$36.47 and a 200 day simple moving average of C$35.42. The firm has a market cap of C$396.22 million, a price-to-earnings ratio of 23.38, a PEG ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87.

K-Bro Linen Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.17%. K-Bro Linen’s payout ratio is currently 74.07%.

Insider Buying and Selling at K-Bro Linen

In other news, Senior Officer Sean Philip Curtis sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of C$37.45, for a total value of C$262,150.00. Insiders sold 11,400 shares of company stock valued at $437,047 over the last quarter. 3.25% of the stock is currently owned by insiders.

K-Bro Linen Company Profile

(Get Free Report)

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.