Pollard Banknote (TSE:PBL) Reaches New 12-Month Low – Here’s What Happened

Pollard Banknote Limited (TSE:PBL)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as C$18.00 and last traded at C$18.30, with a volume of 19956 shares traded. The stock had previously closed at C$19.02.

Wall Street Analysts Forecast Growth

PBL has been the topic of a number of analyst reports. Raymond James lowered their target price on shares of Pollard Banknote from C$46.00 to C$39.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Cormark dropped their target price on Pollard Banknote from C$42.00 to C$37.00 in a report on Thursday, March 27th.

Pollard Banknote Price Performance

The company has a market capitalization of C$504.78 million, a P/E ratio of 10.50 and a beta of 0.63. The business’s 50-day moving average is C$24.68 and its two-hundred day moving average is C$24.90. The company has a quick ratio of 1.01, a current ratio of 1.87 and a debt-to-equity ratio of 51.70.

Pollard Banknote Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.09%. Pollard Banknote’s dividend payout ratio is currently 11.47%.

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.