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

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

A number of other research firms also recently weighed in on PBL. Canaccord Genuity Group increased their target price on shares of Pollard Banknote from C$32.00 to C$36.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Raymond James increased their target price on shares of Pollard Banknote from C$44.00 to C$46.00 in a research report on Friday, November 15th. Finally, Acumen Capital decreased their target price on shares of Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

Pollard Banknote Trading Down 1.1 %

TSE:PBL traded down C$0.29 on Wednesday, reaching C$25.00. 2,195 shares of the stock traded hands, compared to its average volume of 13,204. The firm has a market capitalization of C$676.50 million, a price-to-earnings ratio of 17.99 and a beta of 0.63. The company’s 50 day moving average is C$25.02 and its 200-day moving average is C$27.11. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 45.40. Pollard Banknote has a 1-year low of C$17.95 and a 1-year high of C$37.75.

Insider Transactions at Pollard Banknote

In related news, Senior Officer Riva Jean Richard sold 2,000 shares of Pollard Banknote stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$26.13, for a total value of C$52,260.00. Insiders sold a total of 4,300 shares of company stock valued at $110,510 in the last quarter. 64.02% of the stock is currently owned by company insiders.

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.