Provident Financial plc (PFG) Rating Reiterated by JPMorgan Chase & Co.
Provident Financial plc (LON:PFG)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a research note issued on Monday. They currently have a GBX 3,300 ($40.22) price target on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 9.34% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Barclays PLC raised their price objective on shares of Provident Financial plc from GBX 2,800 ($34.13) to GBX 2,900 ($35.34) and gave the company an “overweight” rating in a research report on Wednesday, July 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 3,170 ($38.63) target price on shares of Provident Financial plc in a report on Wednesday, July 27th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 2,172 ($26.47) target price on shares of Provident Financial plc in a report on Tuesday, July 26th. Beaufort Securities reaffirmed a “hold” rating on shares of Provident Financial plc in a report on Wednesday, July 27th. Finally, Panmure Gordon dropped their target price on shares of Provident Financial plc from GBX 2,500 ($30.47) to GBX 2,400 ($29.25) and set a “hold” rating for the company in a report on Tuesday, July 26th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 3,066 ($37.37).
Provident Financial plc (LON:PFG) opened at 2987.00 on Monday. The firm’s market capitalization is GBX 4.32 billion. The company has a 50-day moving average price of GBX 3,031.62 and a 200-day moving average price of GBX 2,843.07. Provident Financial plc has a 12-month low of GBX 2,125.00 and a 12-month high of GBX 3,654.00.
The firm also recently disclosed a dividend, which will be paid on Friday, November 25th. Stockholders of record on Thursday, October 27th will be paid a dividend of GBX 43.20 ($0.53) per share. The ex-dividend date is Thursday, October 27th. This represents a dividend yield of 1.57%.
About Provident Financial plc
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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