Canaccord Genuity Raises Pollard Banknote PBL) Price Target to C$26.00

Pollard Banknote (TSE:PBL) had its price objective increased by Canaccord Genuity from C$25.00 to C$26.00 released on Wednesday,

Shares of Pollard Banknote stock opened at C$21.32 on Wednesday. Pollard Banknote has a 52-week low of C$18.14 and a 52-week high of C$27.75. The firm has a 50-day moving average price of C$24.01. The company has a market cap of $546.56 million and a PE ratio of 29.99. The company has a quick ratio of 1.16, a current ratio of 2.38 and a debt-to-equity ratio of 107.73.

Get Pollard Banknote alerts: Pollard Banknote (TSE:PBL) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.25 by C$0.06. The firm had revenue of C$97.50 million during the quarter, compared to the consensus estimate of C$90.72 million. Research analysts predict that Pollard Banknote will post 1.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, September 27th. Pollard Banknote’s dividend payout ratio is currently 18.28%.

In related news, Senior Officer Jennifer Doris Westbury sold 5,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of C$23.50, for a total value of C$117,500.00.

About Pollard Banknote

Pollard Banknote Limited, together with its subsidiaries, provides lottery and gaming products and services worldwide. The company operates in two segments, Lotteries and Charitable Gaming, and Diamond Game. The Lotteries and Charitable Gaming segment manufactures instant tickets and related products.

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