Pollard Banknote Limited (TSE:PBL) Senior Officer Robert Brock Young Sells 5,000 Shares

Pollard Banknote Limited (TSE:PBL) Senior Officer Robert Brock Young sold 5,000 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$34.62, for a total value of C$173,100.00.

Pollard Banknote Stock Down 3.5 %

Shares of TSE:PBL opened at C$34.05 on Thursday. The business’s 50 day simple moving average is C$35.14 and its two-hundred day simple moving average is C$31.47. The firm has a market cap of C$918.33 million, a P/E ratio of 29.61 and a beta of 0.63. The company has a debt-to-equity ratio of 49.94, a quick ratio of 1.01 and a current ratio of 1.81. Pollard Banknote Limited has a 52-week low of C$22.63 and a 52-week high of C$37.75.

Pollard Banknote Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Pollard Banknote’s previous quarterly dividend of $0.04. Pollard Banknote’s dividend payout ratio (DPR) is currently 17.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PBL shares. Raymond James raised their target price on Pollard Banknote from C$37.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Cormark raised their target price on Pollard Banknote from C$35.00 to C$38.00 in a research note on Thursday, January 4th. Canaccord Genuity Group raised their target price on Pollard Banknote from C$37.00 to C$40.00 in a research note on Wednesday, March 6th. Finally, Acumen Capital increased their price target on Pollard Banknote from C$45.00 to C$47.00 and gave the stock a “buy” rating in a report on Thursday, March 7th.

Pollard Banknote Company Profile

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of gaming products and services for the lottery and charitable gaming industries worldwide. The company operates through Lotteries, Charitable Gaming, eGaming Systems, and Retail segments. It designs, manufactures, and distributes instant tickets, as well as offers related services.