Raymond James Financial Downgrades Pollard Banknote (TSE:PBL) to Market Perform

Pollard Banknote (TSE:PBL) was downgraded by research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a C$21.50 target price on the stock, down from their previous target price of C$29.00. Raymond James Financial’s target price suggests a potential upside of 31.10% from the company’s previous close.

Separately, ATB Cormark Capital Markets raised their target price on Pollard Banknote from C$36.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$32.17.

Pollard Banknote Stock Up 2.8%

Shares of PBL stock opened at C$16.40 on Thursday. The stock has a market cap of C$443.92 million, a P/E ratio of 13.02 and a beta of 1.10. Pollard Banknote has a one year low of C$15.70 and a one year high of C$23.50. The stock has a fifty day moving average price of C$18.07 and a 200 day moving average price of C$19.05. The company has a debt-to-equity ratio of 45.17, a current ratio of 1.66 and a quick ratio of 1.01.

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

About Pollard Banknote

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.