Raymond James Financial Issues Pessimistic Forecast for Pollard Banknote (TSE:PBL) Stock Price

Pollard Banknote (TSE:PBL) had its price objective lowered by analysts at Raymond James Financial from C$28.00 to C$22.50 in a report issued on Tuesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial‘s price target points to a potential upside of 49.80% from the company’s current price.

Separately, ATB Cormark Capital Markets downgraded shares of Pollard Banknote from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$31.00 to C$18.00 in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$20.25.

Pollard Banknote Stock Performance

Shares of TSE PBL traded up C$0.02 during midday trading on Tuesday, reaching C$15.02. 67,422 shares of the company traded hands, compared to its average volume of 23,152. The company has a market cap of C$406.50 million, a price-to-earnings ratio of 15.33 and a beta of 1.43. The stock has a 50-day moving average price of C$16.75 and a 200 day moving average price of C$17.59. Pollard Banknote has a 52 week low of C$14.57 and a 52 week high of C$20.88. The company has a debt-to-equity ratio of 50.40, a current ratio of 2.18 and a quick ratio of 1.00.

Pollard Banknote (TSE:PBL) last announced its earnings results on Friday, November 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. The firm had revenue of C$158.90 million during the quarter. Pollard Banknote had a net margin of 4.10% and a return on equity of 6.45%. Sell-side analysts anticipate that Pollard Banknote will post 2.03 earnings per share for the current fiscal year.

Pollard Banknote Company Profile

Pollard Banknote is a partner of choice to responsibly drive revenues for good causes both at retail and through digital channels for lotteries and charitable gaming markets worldwide. We empower our customers to maximize success through innovative offerings, strategic marketing, portfolio management, analytics, and end-to-end warehousing and logistics services. We offer an extensive high-performing gaming lineup, including instant tickets, pull-tab tickets and vending machines, the full range of paper and electronic bingo products, and cutting-edge electronic pull-tab gaming solutions.