Pollard Banknote (TSE:PBL) Sets New 52-Week Low - Time to Sell?

Key Points

• Pollard Banknote shares hit a new 52-week low, trading as low as C$17.75 before closing at C$17.92, down from the prior close of C$18.10.
• Analysts remain generally bullish despite the weakness: the stock carries a consensus “Buy” rating and an average price target of C$34.67, though Raymond James trimmed its target to C$29 while ATB Cormark raised theirs to C$41.
• The company reported solid recent fundamentals and a small dividend, including quarterly EPS of C$0.17 on revenue of C$150.76 million, plus a quarterly dividend of C$0.05 per share yielding about 1.1% annually.

Shares of Pollard Banknote Limited (TSE:PBL - Get Free Report) reached a new 52-week low during 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 changing hands. The stock had previously closed at C$18.10.

Analyst Upgrades and Downgrades

PBL has been the subject of several recent research reports. Raymond James Financial lowered their price target on shares of Pollard Banknote from C$33.00 to C$29.00 and set an "outperform" rating for the company in a research note on Thursday, March 12th. ATB Cormark Capital Markets lifted their price objective on Pollard Banknote from C$36.00 to C$41.00 and gave the stock an "outperform" rating in a report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Pollard Banknote presently has a consensus rating of "Buy" and an average price target of C$34.67.

Pollard Banknote Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.69 and a debt-to-equity ratio of 46.33. The stock has a market cap of C$485.06 million, a P/E ratio of 14.22 and a beta of 1.10. The firm's fifty day moving average price is C$18.31 and its 200-day moving average price is C$19.25.

Pollard Banknote (TSE:PBL - Get Free Report) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C$0.17 EPS for the quarter. The company had revenue of C$150.76 million during the quarter. Pollard Banknote had a net margin of 5.81% and a return on equity of 9.56%. Analysts forecast that Pollard Banknote Limited will post 2.0250184 earnings per share for the current year.

Pollard Banknote Announces Dividend

The company 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. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Pollard Banknote's dividend payout ratio is 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.

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