Pollard Banknote (TSE:PBL) Hits New 12-Month Low After Analyst Downgrade

Pollard Banknote Limited (TSE:PBL) shares reached a new 52-week low during trading on Thursday after Raymond James Financial downgraded the stock from an outperform rating to a market perform rating. Raymond James Financial now has a C$21.50 price target on the stock, down from their previous price target of C$29.00. Pollard Banknote traded as low as C$15.70 and last traded at C$16.40, with a volume of 106767 shares trading hands. The stock had previously closed at C$17.27.

Separately, ATB Cormark Capital Markets boosted their price objective on Pollard Banknote from C$36.00 to C$41.00 and gave the company an “outperform” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Pollard Banknote has an average rating of “Moderate Buy” and an average price target of C$32.17.

Pollard Banknote Stock Down 4.9%

The company has a debt-to-equity ratio of 46.33, a quick ratio of 1.01 and a current ratio of 1.69. The company has a fifty day simple moving average of C$18.18 and a two-hundred day simple moving average of C$19.12. The firm has a market capitalization of C$444.46 million, a PE ratio of 13.03 and a beta of 1.10.

Pollard Banknote (TSE:PBL) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.13 earnings per share for the quarter. Pollard Banknote had a return on equity of 9.56% and a net margin of 5.81%.The firm had revenue of C$141.64 million during the quarter. Analysts forecast that Pollard Banknote Limited will post 2.0250184 EPS for the current fiscal year.

Pollard Banknote Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. Pollard Banknote’s dividend payout ratio (DPR) is currently 15.87%.

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.