Propel (TSE:PRL) Given a C$38.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus set a C$38.00 price target for Propel and maintained a “buy” rating.
• Several analysts recently raised their targets, with ratings including Strong Buy, Buy, and Hold; MarketBeat reports a consensus “Buy” rating.
• Propel shares traded at C$25.43, while the company has a market capitalization of approximately C$1.0 billion and operates fintech brands MoneyKey and CreditFresh.

Propel (TSE:PRL - Get Free Report) received a C$38.00 price target from investment analysts at Stifel Nicolaus in a report released on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock.

PRL has been the subject of several other reports. Ventum increased their price objective on Propel from C$30.00 to C$34.00 and gave the company a "buy" rating in a report on Friday, August 7th. Scotia boosted their target price on shares of Propel from C$27.00 to C$29.00 and gave the stock a "sector perform" rating in a research report on Friday, August 7th. Raymond James Financial raised Propel from a "moderate buy" rating to a "strong-buy" rating and raised their price objective for the company from C$31.00 to C$38.00 in a research note on Thursday, August 6th. ATB Cormark Capital Markets raised their target price on shares of Propel from C$29.00 to C$38.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Finally, TD boosted their price target on Propel from C$33.00 to C$37.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy".

Propel Stock Performance

TSE PRL traded up $0.53 during trading hours on Monday, hitting $25.43. The company had a trading volume of 84,594 shares, compared to its average volume of 240,947. The business has a 50 day moving average of $25.35 and a 200-day moving average of $22.71. The company has a market cap of $1.00 billion, a PE ratio of 18.56 and a beta of 0.79. Propel has a 1-year low of $17.24 and a 1-year high of $35.28.

About Propel

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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