ATB Cormark Capital Markets Cuts Pollard Banknote (TSE:PBL) Price Target to C$31.00

Pollard Banknote (TSE:PBL) had its target price lowered by ATB Cormark Capital Markets from C$32.00 to C$31.00 in a report issued on Tuesday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Separately, Raymond James Financial upgraded Pollard Banknote from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$21.50 to C$28.00 in a research note on Friday, August 14th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pollard Banknote has a consensus rating of “Buy” and an average target price of C$31.00.

Pollard Banknote Stock Down 0.5%

PBL opened at C$17.20 on Tuesday. Pollard Banknote has a fifty-two week low of C$15.70 and a fifty-two week high of C$23.46. The company has a debt-to-equity ratio of 49.61, a quick ratio of 1.00 and a current ratio of 1.71. The company has a fifty day moving average of C$17.62 and a two-hundred day moving average of C$17.67. The stock has a market capitalization of C$465.50 million, a price-to-earnings ratio of 17.55 and a beta of 1.06.

Pollard Banknote (TSE:PBL) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. Pollard Banknote had a net margin of 4.48% and a return on equity of 7.16%. The business had revenue of C$154.83 million during the quarter. On average, research analysts expect that Pollard Banknote will post 2.0250184 earnings per share for the current year.

Pollard Banknote Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. Pollard Banknote’s dividend payout ratio is currently 20.41%.

Pollard Banknote Company Profile

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.