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

Pollard Banknote (TSE:PBL) had its price target cut by Cormark from C$42.00 to C$37.00 in a research note released on Thursday,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 Price Performance

Shares of PBL stock opened at C$20.40 on Thursday. The company has a debt-to-equity ratio of 51.70, a quick ratio of 1.01 and a current ratio of 1.87. Pollard Banknote has a fifty-two week low of C$17.95 and a fifty-two week high of C$37.50. The firm has a market cap of C$562.71 million, a P/E ratio of 11.70 and a beta of 0.63. The business’s 50 day moving average price is C$25.33 and its 200-day moving average price is C$25.01.

Pollard Banknote Announces Dividend

The company also recently disclosed 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 of this dividend 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.