Cormark Cuts Pollard Banknote (TSE:PBL) Price Target to C$37.00

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

Separately, Raymond James cut their price objective on shares of Pollard Banknote from C$46.00 to C$39.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th.

Pollard Banknote Stock Performance

TSE:PBL opened at C$20.40 on Thursday. The company has a market capitalization of C$562.71 million, a price-to-earnings ratio of 11.70 and a beta of 0.63. The business has a 50 day moving average of C$25.33 and a 200 day moving average of C$25.01. 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 1-year low of C$17.95 and a 1-year high of C$37.50.

Pollard Banknote Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 0.98%. Pollard Banknote’s payout ratio is 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.