ATB Cormark Capital Markets Has Lowered Expectations for Pollard Banknote (TSE:PBL) Stock Price

Pollard Banknote (TSE:PBL) had its target price cut by research analysts at ATB Cormark Capital Markets from C$32.00 to C$31.00 in a research report issued on Tuesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would indicate a potential upside of 74.26% from the stock’s previous close.

Separately, Raymond James Financial upgraded shares of Pollard Banknote from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$21.50 to C$28.00 in a report on Friday, August 14th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$31.00.

Pollard Banknote Trading Down 0.6%

Shares of Pollard Banknote stock traded down C$0.11 during trading on Tuesday, hitting C$17.79. 7,977 shares of the company were exchanged, compared to its average volume of 24,593. The firm has a market capitalization of C$481.47 million, a P/E ratio of 18.15 and a beta of 1.06. Pollard Banknote has a 1-year low of C$15.70 and a 1-year high of C$23.46. The firm’s fifty day moving average price is C$17.63 and its 200 day moving average price is C$17.72. The company has a debt-to-equity ratio of 49.61, a current ratio of 1.71 and a quick ratio of 1.00.

Pollard Banknote (TSE:PBL) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. Pollard Banknote had a net margin of 4.48% and a return on equity of 7.16%. The business had revenue of C$154.83 million for the quarter. As a group, sell-side analysts expect that Pollard Banknote will post 2.0250184 earnings per share for the current fiscal year.

About Pollard Banknote

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.