Raymond James Forecasts Strong Price Appreciation for Pollard Banknote (TSE:PBL) Stock

Pollard Banknote (TSE:PBL) had its target price hoisted by Raymond James from C$44.00 to C$46.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. Acumen Capital decreased their price target on Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Canaccord Genuity Group lifted their target price on Pollard Banknote from C$32.00 to C$36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Finally, Cormark lowered their target price on shares of Pollard Banknote from C$34.00 to C$33.00 in a research note on Thursday, August 15th.

Pollard Banknote Stock Performance

Shares of TSE:PBL opened at C$25.32 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 45.40. The company has a market capitalization of C$685.16 million, a price-to-earnings ratio of 18.22 and a beta of 0.63. Pollard Banknote has a 12 month low of C$17.95 and a 12 month high of C$37.75. The firm’s 50-day moving average is C$24.97 and its 200 day moving average is C$27.26.

Insiders Place Their Bets

In other news, Senior Officer Riva Jean Richard sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$26.13, for a total transaction of C$52,260.00. Insiders have sold 4,300 shares of company stock worth $110,510 in the last ninety days. 64.02% of the stock is owned by company insiders.

Pollard Banknote Company Profile

Pollard Banknote Limited, together with its subsidiaries, manufactures and sells a range of lottery and charitable gaming products and solutions in the United States, Canada, and internationally. It operates through four segments: Lotteries, Charitable Gaming, eGaming systems, and Retail. The company designs, manufactures, and distributes instant tickets, as well as offers related services.