Pollard Banknote (TSE:PBL) Price Target Raised to C$44.00

Pollard Banknote (TSE:PBL) had its price target boosted by Raymond James from C$40.50 to C$44.00 in a research note published on Thursday, BayStreet.CA reports. Raymond James also issued estimates for Pollard Banknote’s FY2024 earnings at $1.55 EPS and FY2025 earnings at $2.15 EPS.

A number of other analysts have also commented on the stock. Acumen Capital cut their price objective on shares of 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. Canaccord Genuity Group cut their price target on shares of Pollard Banknote from C$40.00 to C$28.00 and set a buy rating on the stock in a research report on Thursday, August 8th.

Pollard Banknote Trading Down 3.5 %

TSE PBL opened at C$21.86 on Thursday. Pollard Banknote has a 52 week low of C$17.95 and a 52 week high of C$37.75. The company has a debt-to-equity ratio of 44.64, a quick ratio of 1.01 and a current ratio of 1.64. The stock’s 50 day moving average price is C$27.58 and its two-hundred day moving average price is C$32.22. The stock has a market capitalization of C$591.53 million, a price-to-earnings ratio of 17.77 and a beta of 0.62.

Pollard Banknote Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, September 30th. Pollard Banknote’s dividend payout ratio is currently 16.26%.

Pollard Banknote Company Profile

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.