Pollard Banknote Limited (TSE:PBL) Senior Officer Sells C$173,100.00 in Stock

Pollard Banknote Limited (TSE:PBL) Senior Officer Robert Brock Young sold 5,000 shares of Pollard Banknote stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$34.62, for a total transaction of C$173,100.00.

Pollard Banknote Price Performance

PBL stock opened at C$34.05 on Thursday. Pollard Banknote Limited has a 52-week low of C$22.63 and a 52-week high of C$37.75. The stock has a market capitalization of C$918.33 million, a price-to-earnings ratio of 29.61 and a beta of 0.63. The company has a quick ratio of 1.01, a current ratio of 1.81 and a debt-to-equity ratio of 49.94. The stock’s fifty day simple moving average is C$35.14 and its 200-day simple moving average is C$31.47.

Pollard Banknote Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be issued a $0.05 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. This is a boost from Pollard Banknote’s previous quarterly dividend of $0.04. Pollard Banknote’s dividend payout ratio (DPR) is presently 17.39%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PBL. Canaccord Genuity Group lifted their target price on shares of Pollard Banknote from C$37.00 to C$40.00 in a report on Wednesday, March 6th. Acumen Capital boosted their price objective on shares of Pollard Banknote from C$45.00 to C$47.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Cormark boosted their price objective on shares of Pollard Banknote from C$35.00 to C$38.00 in a report on Thursday, January 4th. Finally, Raymond James boosted their price objective on shares of Pollard Banknote from C$37.00 to C$43.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th.

About Pollard Banknote

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.