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

Shares of Propel Holdings Inc. (TSE:PRL - Get Free Report) have been given an average recommendation of "Strong Buy" by the six research firms that are covering the company, MarketBeat.com 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 brokerages have recently issued reports on PRL. Raymond James cut their price objective on shares of Propel from C$52.00 to C$44.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Scotiabank reduced their price objective on Propel from C$44.00 to C$38.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th.

Propel Stock Performance

TSE:PRL traded up $1.61 during mid-day trading on Friday, reaching $29.24. The stock had a trading volume of 221,962 shares, compared to its average volume of 203,914. The stock has a market capitalization of $814.07 million, a P/E ratio of 18.09 and a beta of 1.75. The firm has a 50 day moving average price of $24.88 and a two-hundred day moving average price of $32.38. Propel has a one year low of $19.91 and a one year high of $43.36.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 9.03%. This is an increase from Propel's previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, February 19th. Propel's dividend payout ratio is 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.