Raymond James Financial Issues Pessimistic Forecast for Pollard Banknote (TSE:PBL) Stock Price

Pollard Banknote (TSE:PBL) had its price objective cut by stock analysts at Raymond James Financial from C$33.00 to C$29.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 55.91% from the company’s previous close.

Separately, ATB Cormark Capital Markets lifted their price target on Pollard Banknote from C$36.00 to C$41.00 and gave the company an “outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Pollard Banknote has an average rating of “Buy” and an average target price of C$35.25.

Pollard Banknote Price Performance

PBL remained flat at C$18.60 on Thursday. 4,279 shares of the company’s stock traded hands, compared to its average volume of 23,506. The business has a 50-day simple moving average of C$19.41 and a two-hundred day simple moving average of C$20.00. The company has a debt-to-equity ratio of 46.33, a current ratio of 1.69 and a quick ratio of 1.01. The firm has a market cap of C$503.46 million, a price-to-earnings ratio of 18.24 and a beta of 0.87. Pollard Banknote has a twelve month low of C$17.19 and a twelve month high of C$23.50.

Pollard Banknote (TSE:PBL) last posted its earnings results on Tuesday, March 10th. The company reported C$0.17 earnings per share for the quarter. Pollard Banknote had a return on equity of 9.56% and a net margin of 5.81%.The firm had revenue of C$150.76 million for the quarter. Equities research analysts expect that Pollard Banknote will post 2.0250184 earnings per share for the current fiscal 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.