Pollard Banknote (TSE:PBL) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Pollard Banknote Limited (TSE:PBLGet Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$17.54 and traded as high as C$18.25. Pollard Banknote shares last traded at C$18.25, with a volume of 2,011 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Raymond James Financial upgraded Pollard Banknote from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$21.50 to C$28.00 in a research report on Friday, August 14th. ATB Cormark Capital Markets reduced their target price on shares of Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Pollard Banknote has an average rating of “Buy” and an average target price of C$31.33.

Check Out Our Latest Stock Analysis on Pollard Banknote

Pollard Banknote Stock Up 2.8%

The company has a 50-day simple moving average of C$17.54 and a 200 day simple moving average of C$17.80. The company has a current ratio of 1.71, a quick ratio of 1.00 and a debt-to-equity ratio of 49.61. The company has a market cap of C$493.99 million, a P/E ratio of 18.62 and a beta of 1.06.

Pollard Banknote (TSE:PBLGet Free Report) last issued its earnings results on Wednesday, August 12th. The company reported C$0.32 EPS for the quarter. The business had revenue of C$154.83 million for the quarter. Pollard Banknote had a net margin of 4.48% and a return on equity of 7.16%. On average, equities analysts anticipate that Pollard Banknote Limited will post 2.0250184 EPS for the current year.

Pollard Banknote Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Pollard Banknote’s payout ratio is 20.41%.

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.

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