Pollard Banknote Expands into UAE with New Gaming License – TipRanks.com

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Pollard Banknote ( (TSE:PBL) ) has provided an announcement.

Pollard Banknote has secured a license from the General Commercial Gaming Regulatory Authority to supply gaming-related goods and services in the United Arab Emirates. This development allows the company to expand its operations into the UAE, potentially increasing revenue and supporting charitable causes through its innovative lottery and gaming products.

The most recent analyst rating on (TSE:PBL) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Pollard Banknote stock, see the TSE:PBL Stock Forecast page.

Spark’s Take on TSE:PBL Stock

According to Spark, TipRanks’ AI Analyst, TSE:PBL is a Outperform.

Pollard Banknote’s strong financial performance, bolstered by revenue and profit growth, combined with bullish technical indicators, provides a positive outlook. The earnings call further supports this with robust sales and income growth. Valuation metrics suggest the stock is reasonably valued, while cash flow challenges and regulatory impacts present areas for improvement.

To see Spark’s full report on TSE:PBL stock, click here.

More about Pollard Banknote

Pollard Banknote is a prominent lottery partner serving over 60 lotteries worldwide, offering high-quality instant ticket products, licensed games, and merchandising solutions. The company also provides digital offerings, including game apps and iLottery solutions, and supplies pull-tab tickets, bingo paper, and electronic gaming devices to charitable markets in North America. Established in 1907, it is owned 64% by the Pollard family and 36% by public shareholders, and is traded on the Toronto Stock Exchange.

Average Trading Volume: 23,622

Technical Sentiment Signal: Sell

Current Market Cap: C$599.5M

See more data about PBL stock on TipRanks’ Stock Analysis page.

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