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

Pollard Banknote (TSE:PBL) had its target price dropped by stock analysts at Cormark from C$42.00 to C$37.00 in a report issued on Thursday,BayStreet.CA reports. Cormark’s price target would indicate a potential upside of 81.37% from the stock’s current price.

Separately, Raymond James decreased their price objective on Pollard Banknote from C$46.00 to C$39.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th.

Pollard Banknote Price Performance

Shares of PBL stock opened at C$20.40 on Thursday. Pollard Banknote has a twelve month low of C$17.95 and a twelve month high of C$37.50. The company has a current ratio of 1.87, a quick ratio of 1.01 and a debt-to-equity ratio of 51.70. The stock has a market capitalization of C$562.71 million, a price-to-earnings ratio of 11.70 and a beta of 0.63. The stock has a fifty day simple moving average of C$25.33 and a two-hundred day simple moving average of C$25.01.

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.