Propel (TSE:PRL) Raised to Strong-Buy at TD Securities

Propel (TSE:PRL) was upgraded by analysts at TD Securities to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Scotiabank lowered shares of Propel from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from C$35.00 to C$27.00 in a report on Tuesday, April 28th. TD set a C$33.00 price objective on shares of Propel and gave the stock a “buy” rating in a research report on Tuesday. Finally, Raymond James Financial cut their target price on shares of Propel from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Propel presently has an average rating of “Buy”.

Propel Price Performance

Shares of PRL opened at $25.73 on Tuesday. Propel has a one year low of $17.24 and a one year high of $37.42. The company has a 50-day moving average of $23.31 and a two-hundred day moving average of $22.46. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 19.20 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).