Pollard Banknote (TSE:PBL) Given New C$29.00 Price Target at Raymond James Financial

Pollard Banknote (TSE:PBL) had its price objective reduced by Raymond James Financial from C$33.00 to C$29.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Separately, ATB Cormark Capital Markets raised their target price on Pollard Banknote from C$36.00 to C$41.00 and gave the company an “outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$35.25.

Pollard Banknote Price Performance

PBL stock opened at C$18.60 on Thursday. Pollard Banknote has a 52 week low of C$17.19 and a 52 week high of C$23.50. The company has a quick ratio of 1.01, a current ratio of 1.69 and a debt-to-equity ratio of 46.33. The firm has a 50-day simple moving average of C$19.39 and a 200-day simple moving average of C$19.99. The stock has a market capitalization of C$503.46 million, a P/E ratio of 18.24 and a beta of 0.87.

Pollard Banknote (TSE:PBL) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C$0.17 earnings per share for the quarter. Pollard Banknote had a net margin of 5.81% and a return on equity of 9.56%. The firm had revenue of C$150.76 million for the quarter. Equities analysts forecast 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.