Pollard Banknote (TSE:PBL) Price Target Cut to C$37.00 by Analysts at Cormark

Pollard Banknote (TSE:PBL) had its target price reduced by Cormark from C$42.00 to C$37.00 in a research report released on Thursday morning,BayStreet.CA reports.

Separately, Raymond James cut their price target 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.

Pollard Banknote Stock Down 1.1 %

PBL opened at C$20.12 on Thursday. The company has a market capitalization of C$554.99 million, a PE ratio of 11.54 and a beta of 0.63. The company has a debt-to-equity ratio of 51.70, a current ratio of 1.87 and a quick ratio of 1.01. Pollard Banknote has a fifty-two week low of C$17.95 and a fifty-two week high of C$37.50. The business has a 50-day moving average of C$25.44 and a 200-day moving average of C$25.04.

Pollard Banknote Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 0.99%. Pollard Banknote’s payout ratio is 11.47%.

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.