Propel Holdings Inc. (TSE:PRL) Receives Average Rating of "Strong Buy" from Analysts

Shares of Propel Holdings Inc. (TSE:PRL - Get Free Report) have earned a consensus recommendation of "Strong Buy" from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company.

PRL has been the topic of a number of recent research reports. Scotiabank dropped their target price on Propel from C$44.00 to C$38.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Raymond James decreased their price target on Propel from C$52.00 to C$44.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th.

Propel Price Performance

Shares of PRL stock traded down $0.72 during trading hours on Tuesday, reaching $31.81. The company had a trading volume of 92,872 shares, compared to its average volume of 200,643. Propel has a 12 month low of $19.91 and a 12 month high of $43.36. The business has a fifty day simple moving average of $27.29 and a 200-day simple moving average of $32.05. The company has a market cap of $885.62 million, a price-to-earnings ratio of 19.68 and a beta of 1.75.

Propel Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, June 4th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Thursday, May 15th. Propel's payout ratio is 34.64%.

Insider Buying and Selling at Propel

In other Propel news, Senior Officer Gary Edelstein sold 2,500 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $34.50, for a total value of $86,250.00. Also, Senior Officer Cindy Usprech sold 11,050 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $32.54, for a total value of $359,567.00. Insiders have sold a total of 23,105 shares of company stock worth $756,950 over the last ninety days. 33.31% of the stock is currently owned by company 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.