Pollard Banknote (TSE:PBL) Stock Dropped to “Sector Perform” by ATB Cormark Capital Markets

Pollard Banknote (TSE:PBL) was downgraded by ATB Cormark Capital Markets from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Tuesday, BayStreet 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 19.84% from the company’s previous close.

Separately, Raymond James Financial upgraded shares of Pollard Banknote from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$21.50 to C$28.00 in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Pollard Banknote presently has a consensus rating of “Moderate Buy” and an average target price of C$20.25.

Pollard Banknote Stock Up 0.1%

Pollard Banknote stock traded up C$0.02 during mid-day trading on Tuesday, hitting C$15.02. The company’s stock had a trading volume of 67,422 shares, compared to its average volume of 23,152. Pollard Banknote has a 52-week low of C$14.57 and a 52-week high of C$20.88. The company has a market cap of C$406.50 million, a PE ratio of 15.33 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. The firm’s 50 day moving average is C$16.75 and its 200 day moving average is C$17.59.

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