RY 175.68 -0.0512% SHOP 158.4 0.3802% TD 79.39 0.392% ENB 60.27 0.2162% BN 85.2 -1.0338% TRI 225.93 -0.3572% CNQ 47.38 0.7656% CP 106.35 0.6435% CNR 156.78 0.4614% BMO 133.32 0.0826% BNS 79.87 0.4401% CSU 4705.1001 -0.3488% CM 90.43 -0.2977% MFC 44.85 0.3131% ATD 83.17 0.8488% NGT 59.02 0.2378% TRP 67.76 -0.2503% SU 55.71 0.3603% WCN 272.06 0.4542% L 182.13 0.7523%

small-cap

One Consumer Cyclical Stock Approaching Near Resistance Level – PBL

Mar 09, 2023 | Team Kalkine
One Consumer Cyclical Stock Approaching Near Resistance Level – PBL

Section1: Company Overview

Pollard Banknote Ltd (TSX: PBL) is a Canada-based provider of products and solutions to lottery and charitable gaming industries. The Company operates segments include Lotteries and charitable gaming, and eGaming systems.

1.1 The Key Positives, Negatives, Investment Highlights, and Risks

Section2:  Financial Highlights

 2.1 Key Financial Highlights

Section 3:  Stock Recommendation Summary

3.1 Valuation Methodology

Valuation Methodology (Illustrative): EV to Sales based

3.2 Price Performance and Stock Recommendation

The stock has witnessed an upside of ~6.37% in 1 month and ~15.94% over the last 3 months. Moreover, the stock is trading below the average of 52-week high price of CAD 33.41 and 52-week low price of CAD 15.77, providing an opportunity to exit, as the stock price is trading near the resistance and could make some correction.

3.3 One-Year Technical Price Chart

One-Year Technical Price Chart (as of March 8, 2023). Source: REFINITIV, Analysis: Kalkine Group

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, and currency as of March 8, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.


Disclaimer

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.