Cormark Increases Pollard Banknote (TSE:PBL) Price Target to C$42.00

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 objective would indicate a potential upside of 66.01% from the stock’s current price.

Several other brokerages have also recently issued reports on PBL. Canaccord Genuity Group lifted their price objective on Pollard Banknote from C$32.00 to C$36.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Raymond James lifted their price objective on shares of Pollard Banknote from C$44.00 to C$46.00 in a research report on Friday, November 15th. Finally, Acumen Capital cut their price objective on shares of Pollard Banknote from C$47.00 to C$28.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

Pollard Banknote Stock Up 0.6 %

Shares of TSE PBL opened at C$25.30 on Wednesday. The stock has a market cap of C$684.62 million, a P/E ratio of 18.09 and a beta of 0.63. The business’s fifty day simple moving average is C$25.06 and its 200-day simple moving average is C$27.10. Pollard Banknote has a 12-month low of C$17.95 and a 12-month high of C$37.75. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 45.40.

Insider Buying and Selling at Pollard Banknote

In related news, Senior Officer Riva Jean Richard sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$25.00, for a total value of C$50,000.00. In the last ninety days, insiders have sold 4,300 shares of company stock worth $110,510. 64.02% of the stock is currently owned by 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.