Liberum Capital Increases Provident Financial plc (PFG) Price Target to GBX 2,595
Provident Financial plc (LON:PFG) had its price objective boosted by Liberum Capital from GBX 2,256 ($27.50) to GBX 2,595 ($31.63) in a note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Liberum Capital’s target price would indicate a potential downside of 13.30% from the stock’s previous close.
PFG has been the subject of several other reports. JPMorgan Chase & Co. upped their target price on Provident Financial plc from GBX 3,200 ($39.00) to GBX 3,300 ($40.22) and gave the stock an “overweight” rating in a research note on Tuesday, July 19th. Barclays PLC upped their target price on Provident Financial plc from GBX 2,800 ($34.13) to GBX 2,900 ($35.34) and gave the stock an “overweight” rating in a research note on Wednesday, July 27th. Numis Securities Ltd restated a “hold” rating and set a GBX 2,172 ($26.47) target price on shares of Provident Financial plc in a research note on Tuesday, July 26th. Peel Hunt restated a “hold” rating and set a GBX 3,130 ($38.15) target price on shares of Provident Financial plc in a research note on Wednesday, July 20th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 3,325 ($40.52) target price on shares of Provident Financial plc in a research note on Tuesday, June 28th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 3,066 ($37.37).
Provident Financial plc (LON:PFG) opened at 3016.64 on Friday. The stock has a 50 day moving average price of GBX 3,032.71 and a 200 day moving average price of GBX 2,841.54. The company’s market capitalization is GBX 4.36 billion. Provident Financial plc has a 52-week low of GBX 2,125.00 and a 52-week high of GBX 3,654.00.
The business also recently disclosed a dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, October 27th will be issued a GBX 43.20 ($0.53) dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 1.57%.
Provident Financial plc Company Profile
Provident Financial plc is a United Kingdom-based non-standard lender. The Company’s divisions include Vanquis Bank Limited (Vanquis Bank), Consumer Credit Division (CCD) and Moneybarn. Its segments include Vanquis Bank, CCD, Moneybarn and Central. The Company serves non-standard credit customers with a range of products from credit cards and car finance, to home credit and online unsecured, and guarantor loans.
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