Propel Holdings Inc. (TSE:PRL) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Propel Holdings Inc. (TSE:PRL – Get Free Report) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company.

PRL has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price objective on shares of Propel from C$38.00 to C$32.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Ventum Financial cut their target price on shares of Propel from C$4.00 to C$3.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. ATB Cormark Capital Markets reduced their price target on shares of Propel from C$38.00 to C$27.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Raymond James Financial reduced their price target on shares of Propel from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Finally, Scotiabank downgraded shares of Propel from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from C$35.00 to C$27.00 in a report on Tuesday, April 28th.

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Propel Stock Performance

PRL stock opened at $20.93 on Monday. The company has a market cap of $823.85 million, a P/E ratio of 15.62 and a beta of 0.56. Propel has a 52 week low of $17.24 and a 52 week high of $39.15. The company’s 50-day moving average price is $20.41 and its 200 day moving average price is $22.42.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.6%. This is a boost from Propel’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, May 15th. Propel’s payout ratio is currently 43.86%.

Propel Company Profile

(Get Free Report)

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).

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