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

Pollard Banknote (TSE:PBL) had its price target raised by equities researchers at Cormark from C$33.00 to C$42.00 in a research note issued on Wednesday,BayStreet.CA reports. Cormark’s price target would suggest a potential upside of 66.01% from the stock’s current price.

A number of other research analysts have also recently weighed in on PBL. Raymond James lifted their target price on Pollard Banknote from C$44.00 to C$46.00 in a report on Friday, November 15th. Canaccord Genuity Group increased their target price on shares of 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, Acumen Capital reduced their price target on shares of Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th.

Pollard Banknote Stock Performance

TSE:PBL opened at C$25.30 on Wednesday. The company has a market cap of C$684.62 million, a P/E ratio of 18.09 and a beta of 0.63. The firm’s 50 day moving average is C$25.06 and its two-hundred day moving average is C$27.10. Pollard Banknote has a fifty-two week low of C$17.95 and a fifty-two week high of C$37.75. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 45.40.

Insider Buying and Selling

In other news, Senior Officer Riva Jean Richard sold 2,000 shares of the firm’s 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. In the last ninety days, insiders have sold 4,300 shares of company stock valued at $110,510. Corporate 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.