Pollard Banknote (TSE:PBL) Rating Increased to Outperform at Raymond James Financial

Raymond James Financial upgraded shares of Pollard Banknote (TSE:PBL) from a market perform rating to an outperform rating in a report released on Friday morning,BayStreet.CA reports. The brokerage currently has C$28.00 price target on the stock, up from their prior price target of C$21.50.

Separately, ATB Cormark Capital Markets lowered their price target on Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$31.33.

Pollard Banknote Stock Performance

Shares of PBL stock opened at C$18.47 on Friday. The stock’s fifty day simple moving average is C$17.32 and its 200-day simple moving average is C$17.83. The company has a market capitalization of C$499.95 million, a price-to-earnings ratio of 19.24 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.00 and a debt-to-equity ratio of 45.17. Pollard Banknote has a 1-year low of C$15.70 and a 1-year high of C$23.46.

Pollard Banknote (TSE:PBL) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$154.83 million during the quarter. Pollard Banknote had a return on equity of 7.15% and a net margin of 4.47%. On average, sell-side analysts predict that Pollard Banknote will post 2.0250184 earnings per share for the current fiscal year.

Pollard Banknote Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 annualized dividend and a yield of 1.1%. Pollard Banknote’s dividend payout ratio is 20.83%.

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.