Pollard Banknote (TSE:PBL) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Pollard Banknote Limited (TSE:PBL)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$24.10 and traded as high as C$26.17. Pollard Banknote shares last traded at C$25.93, with a volume of 1,214 shares traded.

Wall Street Analysts Forecast Growth

PBL has been the subject of several recent analyst reports. Canaccord Genuity Group upped their price objective on shares of Pollard Banknote from C$32.00 to C$36.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Cormark lowered their price target on Pollard Banknote from C$34.00 to C$33.00 in a research report on Thursday, August 15th. Acumen Capital cut their price objective on Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Raymond James upped their target price on Pollard Banknote from C$40.50 to C$44.00 in a report on Thursday, August 15th.

Pollard Banknote Price Performance

The stock has a market cap of C$714.38 million, a P/E ratio of 18.99 and a beta of 0.63. The company has a debt-to-equity ratio of 45.40, a quick ratio of 1.01 and a current ratio of 1.78. The firm has a 50-day moving average price of C$24.00 and a 200-day moving average price of C$29.35.

Pollard Banknote (TSE:PBL) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.43 earnings per share (EPS) for the quarter. Pollard Banknote had a return on equity of 13.34% and a net margin of 7.17%. The business had revenue of C$137.80 million during the quarter, compared to the consensus estimate of C$138.58 million. On average, analysts forecast that Pollard Banknote Limited will post 2.0250184 earnings per share for the current fiscal year.

Pollard Banknote Announces Dividend

The firm 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, September 27th. Pollard Banknote’s payout ratio is currently 14.39%.

Insiders Place Their Bets

In other Pollard Banknote news, Senior Officer Riva Jean Richard sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$26.13, for a total value of C$52,260.00. Over the last quarter, insiders have sold 4,300 shares of company stock worth $110,510. 64.02% of the stock is currently owned by company insiders.

About Pollard Banknote

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of lottery and charitable gaming products and solutions in the United States, Canada, and internationally. It operates through four segments: Lotteries, Charitable Gaming, eGaming systems, and Retail. The company designs, manufactures, and distributes instant tickets, as well as offers related services.