Pollard Banknote (TSE:PBL) Sets New 12-Month Low – Should You Sell?

Pollard Banknote Limited (TSE:PBL) shares reached a new 52-week low on Wednesday . The stock traded as low as C$15.92 and last traded at C$15.98, with a volume of 8035 shares trading hands. The stock had previously closed at C$16.37.

Analysts Set New Price Targets

Several research firms have recently weighed in on PBL. ATB Cormark Capital Markets reduced their price objective on Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Raymond James Financial cut Pollard Banknote from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$29.00 to C$21.50 in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Pollard Banknote has an average rating of “Moderate Buy” and a consensus price target of C$29.17.

Pollard Banknote Stock Performance

The stock has a market capitalization of C$435.79 million, a P/E ratio of 16.77 and a beta of 1.10. The firm has a 50-day moving average of C$17.41 and a 200 day moving average of C$18.64. The company has a quick ratio of 1.01, a current ratio of 1.66 and a debt-to-equity ratio of 45.17.

Pollard Banknote (TSE:PBL) last issued its earnings results on Wednesday, May 13th. The company reported C$0.13 EPS for the quarter. The firm had revenue of C$141.64 million during the quarter. Pollard Banknote had a return on equity of 7.15% and a net margin of 4.47%. Research analysts anticipate that Pollard Banknote Limited will post 2.0250184 EPS for the current fiscal year.

Pollard Banknote Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Pollard Banknote’s dividend payout ratio (DPR) is 20.83%.

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.