Cormark Has Strong Forecast for TSE:PBL FY2024 Earnings

Pollard Banknote Limited (TSE:PBL) – Stock analysts at Cormark lifted their FY2024 earnings estimates for Pollard Banknote in a research report issued to clients and investors on Wednesday, November 20th. Cormark analyst D. Mcfadgen now anticipates that the company will earn $1.91 per share for the year, up from their prior estimate of $1.54. The consensus estimate for Pollard Banknote’s current full-year earnings is $2.03 per share. Cormark also issued estimates for Pollard Banknote’s FY2025 earnings at $2.38 EPS.

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

Pollard Banknote Price Performance

Shares of TSE:PBL opened at C$25.40 on Monday. The firm has a market capitalization of C$687.32 million, a PE ratio of 18.27 and a beta of 0.63. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 45.40. Pollard Banknote has a 1-year low of C$17.95 and a 1-year high of C$37.75. The business’s 50 day moving average is C$25.20 and its 200-day moving average is C$26.82.

Insiders Place Their Bets

In other news, Senior Officer Riva Jean Richard sold 2,000 shares of Pollard Banknote stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$26.13, for a total value of C$52,260.00. Insiders sold 4,300 shares of company stock worth $110,510 over the last three months. 64.02% of the stock is currently owned by corporate insiders.

Pollard Banknote Company Profile

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.