Raymond James Financial Downgrades Pollard Banknote (TSE:PBL) to Market Perform

Pollard Banknote (TSE:PBL) was downgraded by equities research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a report issued on Thursday,BayStreet.CA reports. They presently have a C$21.50 target price on the stock, down from their prior target price of C$29.00. Raymond James Financial’s target price indicates a potential upside of 30.70% from the stock’s previous close.

Separately, ATB Cormark Capital Markets raised their price target on shares of Pollard Banknote from C$36.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$32.17.

Pollard Banknote Stock Down 4.7%

TSE PBL traded down C$0.82 during trading hours on Thursday, reaching C$16.45. 157,903 shares of the company’s stock were exchanged, compared to its average volume of 27,525. The company’s 50-day moving average is C$18.18 and its two-hundred day moving average is C$19.12. Pollard Banknote has a one year low of C$15.70 and a one year high of C$23.50. The company has a debt-to-equity ratio of 46.33, a quick ratio of 1.01 and a current ratio of 1.69. The company has a market capitalization of C$445.27 million, a price-to-earnings ratio of 13.06 and a beta of 1.10.

Pollard Banknote (TSE:PBL) last posted its earnings results on Wednesday, May 13th. The company reported C$0.13 earnings per share (EPS) for the quarter. Pollard Banknote had a return on equity of 9.56% and a net margin of 5.81%.The business had revenue of C$141.64 million during the quarter. On average, analysts forecast that Pollard Banknote will post 2.0250184 EPS for the current fiscal 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.