ATB Cormark Capital Markets Cuts Pollard Banknote (TSE:PBL) Price Target to C$31.00

Pollard Banknote (TSE:PBL) had its price objective decreased by stock analysts at ATB Cormark Capital Markets from C$32.00 to C$31.00 in a research note issued to investors on Tuesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 74.26% from the company’s current price.

Separately, Raymond James Financial raised Pollard Banknote from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$21.50 to C$28.00 in a report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Pollard Banknote presently has an average rating of “Buy” and a consensus price target of C$31.00.

Pollard Banknote Price Performance

PBL traded down C$0.11 during midday trading on Tuesday, hitting C$17.79. The company had a trading volume of 7,977 shares, compared to its average volume of 24,593. Pollard Banknote has a twelve month low of C$15.70 and a twelve month high of C$23.46. The company has a market capitalization of C$481.47 million, a PE ratio of 18.15 and a beta of 1.06. The company has a debt-to-equity ratio of 49.61, a quick ratio of 1.00 and a current ratio of 1.71. The firm’s 50-day simple moving average is C$17.63 and its 200-day simple moving average is C$17.72.

Pollard Banknote (TSE:PBL) last announced its earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. Pollard Banknote had a net margin of 4.48% and a return on equity of 7.16%. The company had revenue of C$154.83 million for the quarter. Equities 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.