Pollard Banknote (TSE:PBL) Price Target Raised to C$46.00

Pollard Banknote (TSE:PBL) had its price objective upped by analysts at Raymond James from C$44.00 to C$46.00 in a report released on Friday,BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 77.06% from the stock’s current price.

Several other brokerages have also issued reports on PBL. Cormark lowered their price target on Pollard Banknote from C$34.00 to C$33.00 in a research note on Thursday, August 15th. Acumen Capital cut their target price on Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Canaccord Genuity Group raised their target price on Pollard Banknote from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th.

Pollard Banknote Stock Performance

TSE:PBL traded down C$0.12 during midday trading on Friday, reaching C$25.98. The stock had a trading volume of 7,758 shares, compared to its average volume of 13,228. The stock has a market capitalization of C$703.02 million, a P/E ratio of 18.81 and a beta of 0.63. The company has a debt-to-equity ratio of 45.40, a current ratio of 1.78 and a quick ratio of 1.01. Pollard Banknote has a 1-year low of C$17.95 and a 1-year high of C$37.75. The firm’s fifty day simple moving average is C$24.94 and its 200-day simple moving average is C$27.47.

Pollard Banknote (TSE:PBL) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.43 earnings per share for the quarter. Pollard Banknote had a return on equity of 13.34% and a net margin of 7.17%. The company had revenue of C$137.80 million during the quarter, compared to analysts’ expectations of C$138.58 million. On average, equities research analysts forecast that Pollard Banknote will post 2.0250184 EPS for the current fiscal year.

Insider Buying and Selling at Pollard Banknote

In related news, Senior Officer Riva Jean Richard sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$26.13, for a total transaction of C$52,260.00. Insiders have sold 4,300 shares of company stock worth $110,510 over the last three months. Company insiders own 64.02% of the company’s stock.

Pollard Banknote Company Profile

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of lottery and charitable gaming products and solutions in the United States, Canada, and internationally. It operates through four segments: Lotteries, Charitable Gaming, eGaming systems, and Retail. The company designs, manufactures, and distributes instant tickets, as well as offers related services.