Pollard Banknote (TSE:PBL) Stock Gets Downgrade from ATB Cormark Capital Markets

Pollard Banknote (TSE:PBL) was downgraded by equities research analysts at ATB Cormark Capital Markets from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday, BayStreet reports. They currently have a C$18.00 price objective on the stock, down from their previous price objective of C$31.00. ATB Cormark Capital Markets‘s price objective would indicate a potential upside of 19.84% from the stock’s previous close.

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

Pollard Banknote Stock Up 0.1%

Shares of PBL traded up C$0.02 during midday trading on Tuesday, reaching C$15.02. 67,422 shares of the stock were exchanged, compared to its average volume of 23,152. The company has a market cap of C$406.50 million, a price-to-earnings ratio of 15.33 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 2.18 and a debt-to-equity ratio of 50.40. Pollard Banknote has a 12-month low of C$14.57 and a 12-month high of C$20.88. The firm has a 50 day simple moving average of C$16.75 and a 200-day simple moving average of C$17.59.

Pollard Banknote (TSE:PBL) last announced its quarterly earnings results on Friday, November 6th. The company reported C$0.30 EPS for the quarter. Pollard Banknote had a return on equity of 6.45% and a net margin of 4.10%. The business had revenue of C$158.90 million during the quarter. Research analysts forecast that Pollard Banknote will post 2.03 EPS 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.