Pollard Banknote (TSE:PBL) Sets New 52-Week Low – What’s Next?

Shares of Pollard Banknote Limited (TSE:PBL) reached a new 52-week low on Monday. The stock traded as low as C$14.58 and last traded at C$14.80, with a volume of 106,902 shares traded. The stock had previously closed at C$16.30.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PBL shares. ATB Cormark Capital Markets lowered their target price on shares of Pollard Banknote from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 1st. Raymond James Financial raised shares of Pollard Banknote from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$21.50 to C$28.00 in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Pollard Banknote has an average rating of “Buy” and an average target price of C$29.50.

Pollard Banknote Trading Down 9.2%

The firm has a market cap of C$400.55 million, a P/E ratio of 15.10 and a beta of 1.43. The company has a debt-to-equity ratio of 49.61, a current ratio of 1.71 and a quick ratio of 1.00. The stock has a 50 day moving average of C$16.80 and a 200 day moving average of C$17.61.

Pollard Banknote (TSE:PBL) last issued its quarterly earnings results on Friday, November 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. Pollard Banknote had a return on equity of 7.16% and a net margin of 4.48%. The firm had revenue of C$158.90 million during the quarter. As a group, equities research analysts predict that Pollard Banknote Limited will post 2.03 EPS for the current year.

Pollard Banknote Company Profile

Pollard Banknote is a partner of choice to responsibly drive revenues for good causes both at retail and through digital channels for lotteries and charitable gaming markets worldwide. We empower our customers to maximize success through innovative offerings, strategic marketing, portfolio management, analytics, and end-to-end warehousing and logistics services. We offer an extensive high-performing gaming lineup, including instant tickets, pull-tab tickets and vending machines, the full range of paper and electronic bingo products, and cutting-edge electronic pull-tab gaming solutions.