Propel (TSE:PRL) Rating Increased to Moderate Buy at Cormark

Propel (TSE:PRL - Get Free Report) was upgraded by research analysts at Cormark to a "moderate buy" rating in a note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on PRL. Raymond James Financial lowered their target price on Propel from C$52.00 to C$44.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Scotiabank lowered their target price on Propel from C$44.00 to C$38.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Strong Buy" and a consensus target price of $41.25.

Propel Stock Performance

Propel stock traded up $0.92 during mid-day trading on Thursday, hitting $37.21. The company's stock had a trading volume of 77,202 shares, compared to its average volume of 181,560. The company has a 50 day moving average of $34.30 and a 200-day moving average of $31.68. The stock has a market cap of $1.04 billion, a PE ratio of 23.02 and a beta of 1.75. Propel has a one year low of $20.99 and a one year high of $43.36.

Insider Buying and Selling

In other news, Director Clive Kinross sold 5,000 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $37.69, for a total value of $188,470.00. Also, Senior Officer Gary Edelstein sold 4,500 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $38.81, for a total value of $174,645.00. Insiders sold a total of 115,493 shares of company stock valued at $4,085,590 in the last 90 days. 33.31% of the stock is owned by insiders.

Propel Company Profile

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.