Raymond James Financial Cuts Pollard Banknote (TSE:PBL) Price Target to C$29.00

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

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

Pollard Banknote Price Performance

Shares of TSE:PBL opened at C$18.40 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.69 and a debt-to-equity ratio of 46.33. Pollard Banknote has a fifty-two week low of C$17.19 and a fifty-two week high of C$23.50. The firm has a 50-day simple moving average of C$19.37 and a 200 day simple moving average of C$19.98. The company has a market cap of C$498.05 million, a PE ratio of 18.04 and a beta of 0.87.

Pollard Banknote (TSE:PBL) last released its quarterly earnings data 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. On average, sell-side analysts anticipate that Pollard Banknote will post 2.0250184 EPS for the current 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.