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

ATB Cormark Capital Markets cut shares of Pollard Banknote (TSE:PBL) from a moderate buy rating to a hold rating in a research report report published on Tuesday, MarketBeat reports. ATB Cormark Capital Markets currently has C$18.00 price target on the stock, down from their previous price target of C$31.00.

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

Pollard Banknote Stock Performance

TSE:PBL opened at C$14.80 on Tuesday. The stock has a market cap of C$400.55 million, a P/E ratio of 16.44 and a beta of 1.43. The stock has a 50 day simple moving average of C$16.60 and a 200 day simple moving average of C$17.52. The company has a current ratio of 2.18, a quick ratio of 1.00 and a debt-to-equity ratio of 50.40. Pollard Banknote has a 1-year low of C$14.57 and a 1-year high of C$20.88.

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. Pollard Banknote had a net margin of 4.10% and a return on equity of 6.45%. The company had revenue of C$158.90 million during the quarter. Research analysts anticipate that Pollard Banknote will post 2.03 earnings per share for the current 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.