Pollard Banknote (TSE:PBL) Hits New 12-Month Low – Here’s Why

Pollard Banknote Limited (TSE:PBL)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$17.75 and last traded at C$17.92, with a volume of 27788 shares traded. The stock had previously closed at C$18.10.

Wall Street Analyst Weigh In

PBL has been the topic of a number of analyst reports. Raymond James Financial reduced their price objective on shares of Pollard Banknote from C$33.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th. ATB Cormark Capital Markets lifted their target price on shares of Pollard Banknote from C$36.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Pollard Banknote presently has an average rating of “Buy” and an average price target of C$34.67.

Pollard Banknote Stock Down 0.9%

The firm has a 50 day moving average of C$18.31 and a 200 day moving average of C$19.25. The firm has a market cap of C$485.33 million, a price-to-earnings ratio of 14.23 and a beta of 1.10. The company has a quick ratio of 1.01, a current ratio of 1.69 and a debt-to-equity ratio of 46.33.

Pollard Banknote (TSE:PBL) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C$0.17 earnings per share (EPS) for the quarter. The firm had revenue of C$150.76 million for the quarter. Pollard Banknote had a return on equity of 9.56% and a net margin of 5.81%. As a group, sell-side analysts predict that Pollard Banknote Limited will post 2.0250184 earnings per share for the current year.

Pollard Banknote Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, March 31st. Pollard Banknote’s payout ratio is presently 15.87%.

About Pollard Banknote

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.