Cormark Upgrades Propel (TSE:PRL) to Moderate Buy

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

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

Propel Trading Up 0.8%

PRL stock opened at $38.15 on Thursday. Propel has a 1-year low of $20.99 and a 1-year high of $43.36. The firm has a market cap of $1.06 billion, a PE ratio of 23.60 and a beta of 1.75. The business's 50-day moving average price is $34.16 and its two-hundred day moving average price is $31.76.

Insider Buying and Selling at Propel

In other Propel news, Senior Officer Sarika Ahluwalia sold 16,417 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $37.53, for a total value of $616,192.39. Also, Senior Officer Noah Buchman sold 26,871 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $37.34, for a total value of $1,003,424.94. Insiders sold 115,493 shares of company stock valued at $4,085,590 in the last 90 days. 33.31% of the stock is currently owned by corporate insiders.

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.

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