Pollard Banknote (TSE:PBL) Price Target Cut to C$34.00 by Analysts at Raymond James Financial

Key Points

• Analysts at Raymond James Financial have cut the price target for Pollard Banknote from C$39.00 to C$34.00, indicating a potential upside of 65.05% based on the stock's last close.
• As of Friday, Pollard Banknote shares traded at C$20.60, with a recent trading volume of 3,592 shares against an average of 19,255 shares.
• The company, which specializes in manufacturing lottery and charitable gaming products, has a market cap of C$568.23 million and a PE ratio of 11.82.

Pollard Banknote (TSE:PBL - Get Free Report) had its price target cut by Raymond James Financial from C$39.00 to C$34.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Raymond James Financial's price objective points to a potential upside of 65.05% from the stock's previous close.

Pollard Banknote Stock Performance

Shares of PBL traded up C$0.10 during mid-day trading on Friday, hitting C$20.60. The stock had a trading volume of 3,592 shares, compared to its average volume of 19,255. The company has a market cap of C$568.23 million, a PE ratio of 11.82 and a beta of 0.63. The company's fifty day simple moving average is C$21.97 and its two-hundred day simple moving average is C$21.96. The company has a quick ratio of 1.01, a current ratio of 1.87 and a debt-to-equity ratio of 51.70. Pollard Banknote has a fifty-two week low of C$17.19 and a fifty-two week high of C$29.89.

About Pollard Banknote

Pollard Banknote Ltd is principally engaged in the manufacturing, development, and sale of lottery and charitable gaming products throughout the world. Its operating segments are Lotteries and charitable gaming and eGaming systems. It provides instant tickets and lottery services including licensed products, distribution, SureTrack lottery management system, retail telephone selling, marketing, iLottery, digital products, Social InstantsTM, retail management services, and instant ticket vending machines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.