Provident Financial plc (PFG) Downgraded by Citigroup Inc. to Neutral
A number of other equities research analysts also recently commented on the company. Numis Securities Ltd upgraded Provident Financial plc to a buy rating in a research report on Wednesday. J P Morgan Chase & Co downgraded Provident Financial plc to a neutral rating and cut their price objective for the company from GBX 3,200 ($41.54) to GBX 1,200 ($15.58) in a research report on Wednesday. Deutsche Bank AG downgraded Provident Financial plc to a neutral rating in a research report on Wednesday. Barclays PLC downgraded Provident Financial plc to an equal weight rating in a research report on Wednesday. Finally, Peel Hunt reiterated an under review rating on shares of Provident Financial plc in a research report on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 2,564.75 ($33.30).
Shares of Provident Financial plc (LON PFG) opened at 770.00 on Wednesday. The company’s 50 day moving average price is GBX 2,067.45 and its 200 day moving average price is GBX 2,728.56. The stock’s market capitalization is GBX 1.12 billion. Provident Financial plc has a 12 month low of GBX 426.60 and a 12 month high of GBX 3,402.27.
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The firm also recently announced a dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, October 26th will be issued a GBX 43.20 ($0.56) dividend. The ex-dividend date is Thursday, October 26th. This represents a dividend yield of 2%.
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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