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

Pollard Banknote (TSE:PBL) had its price objective dropped by research analysts at Raymond James from C$46.00 to C$39.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 75.91% from the stock’s current price.

Separately, Cormark raised their target price on Pollard Banknote from C$33.00 to C$42.00 in a research note on Wednesday, November 20th.

Pollard Banknote Trading Down 10.8 %

Shares of Pollard Banknote stock traded down C$2.68 on Tuesday, hitting C$22.17. 25,104 shares of the company’s stock traded hands, compared to its average volume of 13,909. The company has a fifty day moving average of C$26.53 and a two-hundred day moving average of C$25.37. Pollard Banknote has a one year low of C$17.95 and a one year high of C$37.50. The company has a market capitalization of C$611.53 million, a price-to-earnings ratio of 12.72 and a beta of 0.63. The company has a debt-to-equity ratio of 51.70, a current ratio of 1.87 and a quick ratio of 1.01.

Pollard Banknote Company Profile

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.