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

Propel Holdings Inc. (TSE:PRL) has earned an average recommendation of “Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating.

PRL has been the topic of several analyst reports. Ventum Financial reduced their price target on Propel from C$4.00 to C$3.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. ATB Cormark Capital Markets dropped their price objective on shares of Propel from C$38.00 to C$27.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Raymond James Financial cut their price objective on shares of Propel from C$45.00 to C$32.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Canaccord Genuity Group reduced their target price on shares of Propel from C$37.00 to C$27.00 in a research note on Wednesday, March 4th. Finally, Stifel Nicolaus decreased their target price on shares of Propel from C$38.00 to C$32.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th.

Propel Stock Performance

TSE PRL opened at $18.42 on Friday. The stock’s fifty day moving average is $21.33 and its two-hundred day moving average is $23.90. The firm has a market capitalization of $725.07 million, a P/E ratio of 13.06 and a beta of 0.35. Propel has a fifty-two week low of $17.24 and a fifty-two week high of $39.15.

Propel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, February 20th. This is a boost from Propel’s previous quarterly dividend of $0.21. Propel’s dividend payout ratio is presently 38.09%.

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).