Propel Holdings Inc. (TSE:PRL - Get Free Report) has been given a consensus rating of "Strong Buy" by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company.
PRL has been the topic of several research analyst reports. Scotiabank raised their price target on shares of Propel from C$38.00 to C$43.00 in a research report on Wednesday, July 23rd. Raymond James Financial reduced their target price on shares of Propel from C$46.00 to C$42.00 in a research note on Wednesday, July 16th. Finally, Cormark upgraded Propel to a "moderate buy" rating in a research note on Thursday, July 10th.
Read Our Latest Stock Report on PRL
Propel Stock Performance
TSE PRL opened at $30.25 on Monday. The stock has a 50-day simple moving average of $33.64 and a 200 day simple moving average of $31.51. Propel has a twelve month low of $20.99 and a twelve month high of $43.36. The stock has a market capitalization of $1.18 billion, a PE ratio of 20.44 and a beta of 1.31.
Propel Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, September 4th were issued a $0.78 dividend. This is a boost from Propel's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $3.12 annualized dividend and a yield of 10.3%. Propel's payout ratio is presently 30.81%.
About Propel
(
Get Free Report)
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.
Further Reading
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