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

Pollard Banknote (TSE:PBL) had its target price hoisted by equities research analysts at Cormark from C$33.00 to C$42.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 68.00% from the stock’s previous close.

Several other brokerages have also recently weighed in on PBL. Acumen Capital dropped their price objective on Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Raymond James lifted their target price on Pollard Banknote from C$44.00 to C$46.00 in a research note on Friday, November 15th. Finally, 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 note on Tuesday, August 27th.

Pollard Banknote Stock Down 1.1 %

TSE:PBL traded down C$0.29 during trading hours on Wednesday, hitting C$25.00. 2,195 shares of the company traded hands, compared to its average volume of 13,204. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 45.40. The firm’s 50-day simple moving average is C$25.02 and its 200-day simple moving average is C$27.11. Pollard Banknote has a one year low of C$17.95 and a one year high of C$37.75. The company has a market cap of C$676.50 million, a PE ratio of 17.99 and a beta of 0.63.

Insider Transactions at Pollard Banknote

In other Pollard Banknote news, Senior Officer Riva Jean Richard sold 2,000 shares of Pollard Banknote stock in a transaction dated Tuesday, September 24th. The stock was 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. Company insiders own 64.02% of the company’s stock.

About Pollard Banknote

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.