Pollard Banknote (TSE:PBL) Price Target Raised to C$34.00

Key Points

• Acumen Capital has raised its price target for Pollard Banknote from C$32.00 to C$34.00, indicating a potential upside of 47.12% based on the current market price.
• Raymond James Financial recently lowered its price target on Pollard Banknote from C$39.00 to C$34.00, but the stock maintains an average rating of "Buy" among analysts.
• Insider Jeffrey Versterre purchased 2,407 shares of Pollard Banknote, increasing his position, which now represents 64.02% of the stock ownership by insiders.

Pollard Banknote (TSE:PBL - Get Free Report) had its price objective upped by Acumen Capital from C$32.00 to C$34.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Acumen Capital's target price would suggest a potential upside of 47.12% from the company's current price.

Separately, Raymond James Financial lowered their price objective on Pollard Banknote from C$39.00 to C$34.00 in a research report on Friday, August 15th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Pollard Banknote has an average rating of "Buy" and an average target price of C$35.00.

Pollard Banknote Price Performance

Shares of TSE:PBL traded up C$0.76 during midday trading on Monday, reaching C$23.11. The company's stock had a trading volume of 12,538 shares, compared to its average volume of 19,147. Pollard Banknote has a fifty-two week low of C$17.19 and a fifty-two week high of C$29.89. The company has a market capitalization of C$625.54 million, a P/E ratio of 17.64 and a beta of 0.57. The company has a debt-to-equity ratio of 51.70, a current ratio of 1.87 and a quick ratio of 1.01. The business's fifty day simple moving average is C$20.69 and its 200-day simple moving average is C$20.49.

Insider Buying and Selling at Pollard Banknote

In other Pollard Banknote news, insider Jeffrey Versterre acquired 2,407 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of C$20.93 per share, for a total transaction of C$50,378.51. Following the acquisition, the insider directly owned 2,407 shares of the company's stock, valued at approximately C$50,378.51. This trade represents a ∞ increase in their position. 64.02% of the stock is owned by company insiders.

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.

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