Pollard Banknote (TSE:PBL) Upgraded to “Outperform” at Raymond James Financial

Pollard Banknote (TSE:PBL) was upgraded by Raymond James Financial from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a C$28.00 target price on the stock, up from their previous target price of C$21.50. Raymond James Financial’s price objective indicates a potential upside of 56.95% from the company’s current price.

Separately, ATB Cormark Capital Markets cut their price objective on Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pollard Banknote currently has an average rating of “Buy” and a consensus price target of C$31.33.

Pollard Banknote Trading Up 3.1%

Shares of PBL stock traded up C$0.53 on Friday, reaching C$17.84. 4,812 shares of the stock were exchanged, compared to its average volume of 25,183. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 45.17. The stock has a market cap of C$482.89 million, a P/E ratio of 18.58 and a beta of 1.06. The firm has a 50 day moving average of C$17.27 and a two-hundred day moving average of C$17.83. Pollard Banknote has a 1-year low of C$15.70 and a 1-year high of C$23.46.

Pollard Banknote (TSE:PBL) last issued its earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. Pollard Banknote had a return on equity of 7.15% and a net margin of 4.47%.The firm had revenue of C$154.83 million for the quarter. On average, research analysts anticipate that Pollard Banknote will post 2.0250184 EPS 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.