Pollard Banknote (PBL) Sets New 12-Month High After Analyst Upgrade

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Pollard Banknote Ltd (TSE:PBL) shares reached a new 52-week high during mid-day trading on Wednesday after Canaccord Genuity raised their price target on the stock from C$25.00 to C$27.50. Canaccord Genuity currently has an average rating on the stock. Pollard Banknote traded as high as C$27.75 and last traded at C$26.66, with a volume of 15069 shares. The stock had previously closed at C$24.75.

Separately, Cormark upped their price objective on Pollard Banknote from C$25.00 to C$27.00 in a research report on Thursday, September 27th.

In other news, insider Robert Brock Young bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 17th. The stock was purchased at an average cost of C$23.00 per share, with a total value of C$115,000.00.

The company has a quick ratio of 1.43, a current ratio of 2.71 and a debt-to-equity ratio of 74.67.

Pollard Banknote (TSE:PBL) last posted its quarterly earnings data on Wednesday, August 8th. The company reported C$0.20 earnings per share for the quarter. The company had revenue of C$86.83 million for the quarter. Equities research analysts predict that Pollard Banknote Ltd will post 1.09000005360656 EPS for the current year.

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About Pollard Banknote (TSE:PBL)

Pollard Banknote Limited, together with its subsidiaries, provides lottery and charitable gaming products and services worldwide. The company offers instant tickets and lottery services, including licensed products, distribution, SureTrack lottery management system, retail telephone selling, marketing, iLottery, interactive gaming, Social Instants, retail management services, and vending machines, including charitable game systems and tickets under the brand name of Diamond Game.

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