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

Propel Holdings Inc. (TSE:PRL - Get Free Report) has been assigned a consensus recommendation of "Strong Buy" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company.

A number of analysts have issued reports on PRL shares. 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 report on Thursday, March 13th. Scotiabank lowered 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 research report on Thursday, April 24th.

Propel Trading Up 7.9 %

PRL traded up $2.35 on Friday, reaching $31.92. The stock had a trading volume of 295,073 shares, compared to its average volume of 206,919. The company has a market cap of $888.68 million, a P/E ratio of 19.74 and a beta of 1.75. The business's 50-day moving average price is $24.89 and its two-hundred day moving average price is $32.33. Propel has a 12-month low of $19.91 and a 12-month high of $43.36.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.66 per share. This is an increase from Propel's previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, February 19th. This represents a $2.64 annualized dividend and a dividend yield of 8.27%. Propel's dividend payout ratio is currently 34.64%.

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.