Propel Holdings Inc. (TSE:PRL) Given Consensus Recommendation of "Strong Buy" by Analysts

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

Several research firms have recently commented on PRL. Raymond James Financial reduced their price target on shares of 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.

Insider Activity at Propel

In other Propel news, Senior Officer Gary Edelstein sold 2,500 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $34.50, for a total transaction of $86,250.00. Also, Senior Officer Jonathan Krauklis sold 5,000 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Insiders have sold a total of 62,705 shares of company stock worth $2,102,858 over the last quarter. Insiders own 33.31% of the company's stock.

Propel Trading Up 3.0%

Shares of Propel stock traded up $1.07 on Friday, hitting $36.83. 154,412 shares of the company traded hands, compared to its average volume of 188,267. The company has a market cap of $1.03 billion, a PE ratio of 22.78 and a beta of 1.75. The stock's 50 day moving average price is $30.89 and its 200-day moving average price is $31.53. Propel has a 52 week low of $20.99 and a 52 week high of $43.36.

Propel Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, June 4th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, May 15th. Propel's dividend payout ratio is presently 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.