Pollard Banknote (TSE:PBL) Raised to Outperform at Raymond James Financial

Pollard Banknote (TSE:PBL) was upgraded by equities research analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a C$28.00 price target on the stock, up from their prior price target of C$21.50. Raymond James Financial’s price target would indicate a potential upside of 56.95% from the company’s current price.

Separately, ATB Cormark Capital Markets cut their price objective on shares of Pollard Banknote from C$41.00 to C$32.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Pollard Banknote currently has a consensus rating of “Buy” and a consensus target price of C$31.33.

Pollard Banknote Stock Up 3.1%

Pollard Banknote stock traded up C$0.53 during midday trading on Friday, hitting C$17.84. 4,812 shares of the company were exchanged, compared to its average volume of 25,183. The company’s fifty day moving average price is C$17.27 and its 200-day moving average price is C$17.83. The company has a market cap of C$482.89 million, a PE ratio of 18.58 and a beta of 1.06. The company has a debt-to-equity ratio of 45.17, a current ratio of 1.66 and a quick ratio of 1.00. Pollard Banknote has a fifty-two week low of C$15.70 and a fifty-two week high of C$23.46.

Pollard Banknote (TSE:PBL) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. Pollard Banknote had a net margin of 4.47% and a return on equity of 7.15%. The company had revenue of C$154.83 million during the quarter. On average, research analysts predict 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.