Pollard Banknote (TSE:PBL) Sets New 52-Week Low – Here’s What Happened

Pollard Banknote Limited (TSE:PBLGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$15.92 and last traded at C$15.98, with a volume of 8035 shares. The stock had previously closed at C$16.37.

Analysts Set New Price Targets

PBL has been the topic of several analyst reports. ATB Cormark Capital Markets decreased their price target on Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Raymond James Financial lowered shares of Pollard Banknote from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$29.00 to C$21.50 in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$29.17.

Get Our Latest Stock Report on PBL

Pollard Banknote Trading Down 2.8%

The company has a debt-to-equity ratio of 45.17, a current ratio of 1.66 and a quick ratio of 1.01. The stock has a market cap of C$430.65 million, a P/E ratio of 16.57 and a beta of 1.10. The firm’s fifty day moving average price is C$17.53 and its two-hundred day moving average price is C$18.71.

Pollard Banknote (TSE:PBLGet Free Report) last announced its earnings results on Wednesday, May 13th. The company reported C$0.13 earnings per share for the quarter. The business had revenue of C$141.64 million for the quarter. Pollard Banknote had a return on equity of 7.15% and a net margin of 4.47%. As a group, equities research analysts forecast that Pollard Banknote Limited will post 2.0250184 EPS for the current year.

Pollard Banknote Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, March 31st. Pollard Banknote’s payout ratio is presently 20.83%.

Pollard Banknote Company Profile

(Get Free Report)

Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries and charitable gaming and eGaming systems. It provides instant tickets and lottery services including licensed products, distribution, SureTrack lottery management system, retail telephone selling, marketing, iLottery, digital products, Social InstantsTM, retail management services, and instant ticket vending machines.

Further Reading

Receive News & Ratings for Pollard Banknote Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pollard Banknote and related companies with MarketBeat.com's FREE daily email newsletter.