Propel Holdings Inc. (TSE:PRL) Given Average Rating of "Strong Buy" by Brokerages

Shares of Propel Holdings Inc. (TSE:PRL - Get Free Report) have received an average recommendation of "Strong Buy" from the six research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company.

Several research analysts have recently commented on the company. Scotiabank reduced their price target 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 Financial reduced their target price on shares of Propel from C$52.00 to C$44.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th.

Insider Buying and Selling at Propel

In other news, Director Clive Kinross sold 10,000 shares of Propel stock in a transaction on Monday, June 16th. The stock was sold at an average price of $34.23, for a total value of $342,300.00. Also, Senior Officer Gary Edelstein sold 2,500 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $34.50, for a total value of $86,250.00. Insiders have sold 57,405 shares of company stock valued at $1,912,013 over the last 90 days. 33.31% of the stock is owned by insiders.

Propel Price Performance

Propel stock traded up $0.95 during trading on Friday, reaching $35.90. 201,648 shares of the company were exchanged, compared to its average volume of 188,941. The stock's 50 day simple moving average is $30.66 and its two-hundred day simple moving average is $31.58. The company has a market capitalization of $999.49 million, a P/E ratio of 22.21 and a beta of 1.75. Propel has a 52-week low of $20.99 and a 52-week high of $43.36.

Propel Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, June 4th were issued a $0.18 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.72 annualized dividend and a yield of 2.01%. Propel's dividend payout ratio (DPR) is currently 34.64%.

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.