Pollard Banknote (TSE:PBL) Lowered to Market Perform Rating by Raymond James Financial

Pollard Banknote (TSE:PBL) was downgraded by investment analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a report issued on Thursday,BayStreet.CA reports. They presently have a C$21.50 price target on the stock, down from their prior price target of C$29.00. Raymond James Financial’s price target would indicate a potential upside of 30.70% from the company’s previous close.

Separately, ATB Cormark Capital Markets increased their price target on shares of Pollard Banknote from C$36.00 to C$41.00 and gave the company an “outperform” rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$32.17.

Pollard Banknote Trading Down 4.7%

Shares of TSE:PBL traded down C$0.82 during mid-day trading on Thursday, reaching C$16.45. The stock had a trading volume of 157,903 shares, compared to its average volume of 27,525. The firm has a market cap of C$445.27 million, a PE ratio of 13.06 and a beta of 1.10. The firm has a 50 day simple moving average of C$18.18 and a two-hundred day simple moving average of C$19.12. The company has a current ratio of 1.69, a quick ratio of 1.01 and a debt-to-equity ratio of 46.33. Pollard Banknote has a twelve month low of C$15.70 and a twelve month high of C$23.50.

Pollard Banknote (TSE:PBL) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.13 earnings per share for the quarter. The business had revenue of C$141.64 million for the quarter. Pollard Banknote had a net margin of 5.81% and a return on equity of 9.56%. On average, research analysts predict that Pollard Banknote will post 2.0250184 EPS 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.