Cormark Issues Pessimistic Forecast for Pollard Banknote (TSE:PBL) Stock Price

Pollard Banknote (TSE:PBL) had its price objective reduced by Cormark from C$42.00 to C$37.00 in a research report issued on Thursday,BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 83.08% from the company’s previous close.

Separately, Raymond James dropped their price target on shares of Pollard Banknote from C$46.00 to C$39.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th.

Pollard Banknote Stock Down 0.7 %

Shares of PBL stock traded down C$0.14 during trading hours on Thursday, reaching C$20.21. 19,706 shares of the stock were exchanged, compared to its average volume of 15,246. Pollard Banknote has a 12-month low of C$17.95 and a 12-month high of C$37.50. The business’s fifty day moving average is C$25.57 and its two-hundred day moving average is C$25.07. The company has a debt-to-equity ratio of 51.70, a current ratio of 1.87 and a quick ratio of 1.01. The firm has a market capitalization of C$557.47 million, a P/E ratio of 11.59 and a beta of 0.63.

About Pollard Banknote

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.