Pollard Banknote (TSE:PBL) Stock Price Target Cut by Raymond James Financial

Pollard Banknote (TSE:PBL) had its price target reduced by analysts at Raymond James Financial from C$28.00 to C$22.50 in a research note issued on Tuesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial‘s price target suggests a potential upside of 49.80% from the stock’s previous close.

Separately, ATB Cormark Capital Markets downgraded shares of Pollard Banknote from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$31.00 to C$18.00 in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Pollard Banknote currently has an average rating of “Moderate Buy” and a consensus target price of C$20.25.

Pollard Banknote Stock Performance

TSE PBL traded up C$0.02 during trading hours on Tuesday, hitting C$15.02. The company had a trading volume of 67,422 shares, compared to its average volume of 23,152. Pollard Banknote has a fifty-two week low of C$14.57 and a fifty-two week high of C$20.88. The company has a quick ratio of 1.00, a current ratio of 2.18 and a debt-to-equity ratio of 50.40. The business has a fifty day simple moving average of C$16.75 and a 200-day simple moving average of C$17.59. The firm has a market cap of C$406.50 million, a P/E ratio of 15.33 and a beta of 1.43.

Pollard Banknote (TSE:PBL) last announced its quarterly earnings results on Friday, November 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. The company had revenue of C$158.90 million during the quarter. Pollard Banknote had a net margin of 4.10% and a return on equity of 6.45%. Equities analysts predict that Pollard Banknote 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.