Pollard Banknote (TSE:PBL) Share Price Passes Above 50 Day Moving Average – What’s Next?

Pollard Banknote Limited (TSE:PBL) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$19.55 and traded as high as C$19.98. Pollard Banknote shares last traded at C$19.65, with a volume of 6,521 shares changing hands.

Analysts Set New Price Targets

Separately, Acumen Capital upped their price target on shares of Pollard Banknote from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$35.00.

Pollard Banknote Stock Performance

The company has a debt-to-equity ratio of 51.70, a current ratio of 1.87 and a quick ratio of 1.01. The stock has a 50-day moving average price of C$19.55 and a 200-day moving average price of C$20.60. The company has a market capitalization of C$531.89 million, a price-to-earnings ratio of 19.26 and a beta of 0.77.

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.