Pollard Banknote (TSE:PBL) Reaches New 1-Year High Following Analyst Upgrade

Shares of Pollard Banknote Limited (TSE:PBL) reached a new 52-week high on Tuesday after Cormark raised their price target on the stock from C$31.00 to C$35.00. The stock traded as high as C$30.62 and last traded at C$30.18, with a volume of 10078 shares. The stock had previously closed at C$30.75.

PBL has been the subject of a number of other research reports. Raymond James upped their target price on shares of Pollard Banknote from C$36.00 to C$37.00 in a research report on Thursday, November 9th. Canaccord Genuity Group increased their price objective on shares of Pollard Banknote from C$33.00 to C$37.00 and gave the company a “buy” rating in a report on Wednesday, November 8th.

Insider Activity

In other Pollard Banknote news, Senior Officer Jennifer Doris Westbury sold 1,000 shares of Pollard Banknote stock in a transaction on Thursday, September 14th. The shares were sold at an average price of C$27.01, for a total value of C$27,010.00. Corporate insiders own 64.32% of the company’s stock.

Pollard Banknote Stock Performance

The company has a market capitalization of C$810.83 million, a P/E ratio of 36.29 and a beta of 0.68. The company has a debt-to-equity ratio of 57.77, a current ratio of 2.12 and a quick ratio of 1.01. The business has a 50-day moving average of C$26.89 and a 200-day moving average of C$25.89.

Pollard Banknote Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.16 annualized dividend and a yield of 0.53%. Pollard Banknote’s payout ratio is 19.28%.

Pollard Banknote Company Profile

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of gaming products and services for the lottery and charitable gaming industries worldwide. The company operates through Lotteries, Charitable Gaming, eGaming Systems, and Retail segments. It designs, manufactures, and distributes instant tickets, as well as offers related services.