Pollard Banknote (TSE:PBL) Rating Lowered to Hold at ATB Cormark Capital Markets

Pollard Banknote (TSE:PBL) was downgraded by ATB Cormark Capital Markets from a “moderate buy” rating to a “hold” rating in a report issued on Tuesday, MarketBeat reports. They presently have a C$18.00 price objective on the stock, down from their prior price objective of C$31.00. ATB Cormark Capital Markets‘s target price would suggest a potential upside of 19.36% from the company’s current price.

Separately, Raymond James Financial raised Pollard Banknote from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$21.50 to C$28.00 in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Pollard Banknote currently has an average rating of “Moderate Buy” and a consensus price target of C$20.25.

Pollard Banknote Stock Performance

TSE:PBL opened at C$15.08 on Tuesday. The firm has a market capitalization of C$408.13 million, a P/E ratio of 15.39 and a beta of 1.43. 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 has a one year low of C$14.57 and a one year high of C$20.88. The company’s 50-day simple moving average is C$16.69 and its 200 day simple moving average is C$17.57.

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

About Pollard Banknote

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.