Propel (TSE:PRL) PT Set at C$33.00 by TD

Propel (TSE:PRL) has been given a C$33.00 target price by equities research analysts at TD in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock.

A number of other research firms have also recently issued reports on PRL. Scotiabank cut shares of Propel from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from C$35.00 to C$27.00 in a research note on Tuesday, April 28th. Raymond James Financial lowered their price target on shares of Propel from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Propel Price Performance

PRL stock traded up $0.52 during midday trading on Tuesday, reaching $26.24. 148,922 shares of the company were exchanged, compared to its average volume of 254,089. The business has a 50-day moving average price of $23.24 and a two-hundred day moving average price of $22.45. Propel has a one year low of $17.24 and a one year high of $37.60. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 19.58 and a beta of 0.81.

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. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).