ATB Cormark Capital Markets Lowers Pollard Banknote (TSE:PBL) Price Target to C$32.00

Pollard Banknote (TSE:PBL) had its price target dropped by investment analysts at ATB Cormark Capital Markets from C$41.00 to C$32.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 98.76% from the stock’s previous close.

Separately, Raymond James Financial downgraded shares of Pollard Banknote from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$29.00 to C$21.50 in a research note on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Pollard Banknote has an average rating of “Moderate Buy” and an average target price of C$29.17.

Pollard Banknote Price Performance

TSE:PBL traded down C$0.15 during midday trading on Wednesday, hitting C$16.10. The company had a trading volume of 55,941 shares, compared to its average volume of 29,518. Pollard Banknote has a 52-week low of C$15.70 and a 52-week high of C$23.50. The stock’s fifty day moving average price is C$17.96 and its 200-day moving average price is C$18.96. The company has a market capitalization of C$435.79 million, a PE ratio of 12.78 and a beta of 1.10. The company has a quick ratio of 1.01, a current ratio of 1.66 and a debt-to-equity ratio of 45.17.

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