Pollard Banknote (TSE:PBL) Shares Pass Above 50 Day Moving Average - Here's What Happened

Key Points

• Pollard Banknote shares rose above their 50-day moving average, reaching C$18.25 versus the C$17.54 average, on trading volume of 2,011 shares.
• Analyst sentiment remains positive: the stock has an overall “Buy” rating and an average price target of C$31.33, despite ATB Cormark cutting its target to C$32.00. Raymond James upgraded the shares to “outperform” and raised its target to C$28.00.
• The company reported quarterly EPS of C$0.32 on revenue of C$154.83 million and pays a C$0.05 quarterly dividend, equivalent to a 1.1% annualized yield.

Pollard Banknote Limited (TSE:PBL - Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$17.54 and traded as high as C$18.25. Pollard Banknote shares last traded at C$18.25, with a volume of 2,011 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PBL shares. ATB Cormark Capital Markets reduced their price objective on shares of Pollard Banknote from C$41.00 to C$32.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 20th. Raymond James Financial raised shares of Pollard Banknote from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from C$21.50 to C$28.00 in a research report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$31.33.

Pollard Banknote Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.71 and a debt-to-equity ratio of 49.61. The company has a market cap of C$493.99 million, a P/E ratio of 18.62 and a beta of 1.06. The business has a fifty day simple moving average of C$17.54 and a two-hundred day simple moving average of C$17.80.

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

Pollard Banknote Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.05 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.20 annualized dividend and a yield of 1.1%. Pollard Banknote's payout ratio is presently 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.

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