Pollard Banknote (TSE:PBL) Stock Price Breaks Below 50-Day Moving Average – Here’s Why

Pollard Banknote Limited (TSE:PBL)’s stock price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$17.44 and traded as low as C$16.16. Pollard Banknote shares last traded at C$16.57, with a volume of 84,258 shares changing hands.

Analysts Set New Price Targets

PBL has been the topic of several analyst reports. ATB Cormark Capital Markets reduced their price objective on Pollard Banknote from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 1st. Raymond James Financial upgraded Pollard Banknote from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$21.50 to C$28.00 in a report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$31.00.

Pollard Banknote Stock Up 0.8%

The firm has a market cap of C$451.97 million, a PE ratio of 17.04 and a beta of 1.12. The company has a 50-day simple moving average of C$17.42 and a 200-day simple moving average of C$17.44. The company has a debt-to-equity ratio of 49.61, a current ratio of 1.71 and a quick ratio of 1.00.

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

Pollard Banknote Announces Dividend

The company also recently announced 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 of this dividend was Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. Pollard Banknote’s payout ratio is 20.41%.

Pollard Banknote Company Profile

Pollard Banknote is a partner of choice to responsibly drive revenues for good causes both at retail and through digital channels for lotteries and charitable gaming markets worldwide. We empower our customers to maximize success through innovative offerings, strategic marketing, portfolio management, analytics, and end-to-end warehousing and logistics services. We offer an extensive high-performing gaming lineup, including instant tickets, pull-tab tickets and vending machines, the full range of paper and electronic bingo products, and cutting-edge electronic pull-tab gaming solutions.