Stifel Nicolaus Forecasts Strong Price Appreciation for Propel (TSE:PRL) Stock

Propel (TSE:PRL – Get Free Report) had its price objective boosted by Stifel Nicolaus from C$34.00 to C$38.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock.

A number of other research firms have also commented on PRL. Raymond James Financial raised Propel from a “moderate buy” rating to a “strong-buy” rating and upped their price target for the company from C$31.00 to C$38.00 in a research report on Thursday. Scotiabank downgraded shares of Propel from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$35.00 to C$27.00 in a research report on Tuesday, April 28th. TD set a C$33.00 price objective on shares of Propel and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, TD Securities raised shares of Propel to a “strong-buy” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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Propel Price Performance

Propel stock traded up $0.23 during mid-day trading on Friday, hitting $28.95. The company’s stock had a trading volume of 308,173 shares, compared to its average volume of 247,131. The business has a 50 day moving average price of $24.43 and a 200-day moving average price of $22.58. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 21.60 and a beta of 0.79. Propel has a 12 month low of $17.24 and a 12 month high of $36.98.

Propel Company Profile

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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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