ATB Cormark Capital Markets Lowers Pollard Banknote (TSE:PBL) Price Target to C$32.00

Pollard Banknote (TSE:PBL) had its price objective dropped by stock analysts at ATB Cormark Capital Markets from C$41.00 to C$32.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price indicates a potential upside of 98.76% from the stock’s current price.

Separately, Raymond James Financial downgraded shares of Pollard Banknote from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$29.00 to C$21.50 in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$29.17.

Pollard Banknote Trading Down 0.9%

PBL stock traded down C$0.15 during midday trading on Wednesday, hitting C$16.10. The stock had a trading volume of 55,941 shares, compared to its average volume of 29,518. Pollard Banknote has a 1-year low of C$15.70 and a 1-year high of C$23.50. The company has a current ratio of 1.66, a quick ratio of 1.01 and a debt-to-equity ratio of 45.17. The firm has a market cap of C$435.79 million, a P/E ratio of 12.78 and a beta of 1.10. The business has a fifty day moving average price of C$17.96 and a two-hundred day moving average price of C$18.96.

Pollard Banknote (TSE:PBL) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.13 earnings per share for the quarter. Pollard Banknote had a net margin of 4.47% and a return on equity of 7.15%. The firm had revenue of C$141.64 million during the quarter. On average, sell-side analysts predict that Pollard Banknote will post 2.0250184 earnings per share for the current fiscal year.

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.