Pollard Banknote (TSE:PBL) Stock Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Pollard Banknote shares rose 2.3%, trading as high as C$18.25 and moving above the 50-day average of C$17.63; the latest price was C$17.90.
• Analyst sentiment remains positive, with a consensus “Buy” rating and a C$31.33 price target. Raymond James upgraded the stock to “outperform” and lifted its target to C$28.00, while ATB Cormark reduced its target to C$32.00 but maintained an “outperform” rating.
• The company reported quarterly EPS of C$0.32 on revenue of C$154.83 million and declared a quarterly dividend of C$0.05, equivalent to an annualized yield of approximately 1.1%.

Shares of Pollard Banknote Limited (TSE:PBL - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$17.63 and traded as high as C$18.25. Pollard Banknote shares last traded at C$17.90, with a volume of 108,183 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Raymond James Financial raised shares of Pollard Banknote from a "market perform" rating to an "outperform" rating and raised their price target for the company from C$21.50 to C$28.00 in a research report on Friday, August 14th. ATB Cormark Capital Markets lowered their target price on Pollard Banknote from C$41.00 to C$32.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Pollard Banknote currently has a consensus rating of "Buy" and a consensus price target of C$31.33.

Pollard Banknote Stock Up 2.3%

The company has a current ratio of 1.71, a quick ratio of 1.00 and a debt-to-equity ratio of 49.61. The company has a market cap of C$484.45 million, a price-to-earnings ratio of 18.27 and a beta of 1.06. The firm's fifty day simple moving average is C$17.63 and its 200 day simple moving average is C$17.72.

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

Pollard Banknote Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.1%. Pollard Banknote's dividend payout ratio (DPR) is currently 20.41%.

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.

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