Pollard Banknote (TSE:PBL) Reaches New 12-Month Low – What’s Next?

Pollard Banknote Limited (TSE:PBL) reached a new 52-week low during trading on Monday. The stock traded as low as C$14.58 and last traded at C$14.80, with a volume of 106,902 shares traded. The stock had previously closed at C$16.30.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PBL shares. ATB Cormark Capital Markets cut Pollard Banknote from a “moderate buy” rating to a “hold” rating and lowered their price objective for the company from C$31.00 to C$18.00 in a research report on Tuesday. Raymond James Financial reduced their target price on shares of Pollard Banknote from C$28.00 to C$22.50 and set an “outperform” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$20.25.

Pollard Banknote Stock Performance

The stock has a market cap of C$406.77 million, a P/E ratio of 15.34 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 2.18 and a debt-to-equity ratio of 50.40. The business has a 50 day moving average price of C$16.69 and a two-hundred day moving average price of C$17.57.

Pollard Banknote (TSE:PBL) last issued its earnings results on Friday, November 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. Pollard Banknote had a return on equity of 6.45% and a net margin of 4.10%. The company had revenue of C$158.90 million for the quarter. On average, sell-side analysts forecast that Pollard Banknote Limited will post 2.03 earnings per share for the current fiscal year.

About Pollard Banknote

Pollard Banknote is a partner of choice to responsibly drive revenues for good causes both at retail and through digital channels for lotteries and charitable gaming markets worldwide. We empower our customers to maximize success through innovative offerings, strategic marketing, portfolio management, analytics, and end-to-end warehousing and logistics services. We offer an extensive high-performing gaming lineup, including instant tickets, pull-tab tickets and vending machines, the full range of paper and electronic bingo products, and cutting-edge electronic pull-tab gaming solutions.