Pollard Banknote (TSE:PBL) Stock Price Passes Below 200-Day Moving Average - Here's What Happened

Key Points

• Pollard Banknote shares fell below their 200-day moving average, reaching C$17.25 before closing at C$17.56, compared with the C$17.91 average.
• Analysts have reduced their price targets, including ATB Cormark’s cut to C$32 and Raymond James’ cut to C$21.50. Despite this, the stock maintains a “Moderate Buy” consensus with an average target of C$29.17.
• The company reported quarterly revenue of C$141.64 million and EPS of C$0.13, while maintaining a quarterly dividend of C$0.05, equivalent to a 1.1% annual yield.

Pollard Banknote Limited (TSE:PBL - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.91 and traded as low as C$17.25. Pollard Banknote shares last traded at C$17.56, with a volume of 4,081 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PBL. ATB Cormark Capital Markets lowered their price target on Pollard Banknote from C$41.00 to C$32.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Raymond James Financial lowered shares of 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 report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$29.17.

Pollard Banknote Price Performance

The company has a debt-to-equity ratio of 45.17, a quick ratio of 1.00 and a current ratio of 1.66. The stock's 50-day moving average is C$17.19 and its two-hundred day moving average is C$17.91. The stock has a market cap of C$475.31 million, a PE ratio of 18.29 and a beta of 1.06.

Pollard Banknote (TSE:PBL - Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported C$0.13 earnings per share (EPS) for the quarter. Pollard Banknote had a return on equity of 7.15% and a net margin of 4.47%.The company had revenue of C$141.64 million for the quarter. On average, equities analysts predict 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, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. Pollard Banknote's payout ratio is presently 20.83%.

About Pollard Banknote

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source