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Pollard Banknote Ltd
Symbol C : PBL
Shares Issued 25,613,158
Close 2018-10-03 C$ 22.60
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Globe says analysts argue Pollard could be your ticket

2018-10-03 07:18 ET - In the News

The Globe and Mail reports in its Wednesday edition that bets on lottery ticket player Pollard Banknote have been paying off for investors as the Winnipeg company continues to gobble up industry players to capture a larger share of the market. A Globe special from Brenda Bouw says that Pollard shares have jumped about 20 per cent since the company announced on Sept. 25 it was buying Schafer Systems Inc., an Iowa-based global provider of lottery ticket dispensers, for $23.5-million (U.S.). Pollard stock hit an all-time high of $25.70 on Sept. 27. The shares have since pulled back, and closed at $23.74 on Tuesday, which is still a gain of about 70 per cent over the past year. All four analysts who cover the stock have a "buy" recommendation with an average 12-month price target of $25.25. "Pollard is doing what it told investors it would do," Canaccord Genuity analyst Robert Young said in a note on Sept. 26. He has a $25 target on the stock. Mr. Young believes the latest acquisition will help to increase its profile and position in the market. Pollard is expensive for investors today, trading at about 22 times forward price-to-earnings, compared with 16 times for the S&P/TSX Composite Index.

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