Jefferies Group LLC Lowers Provident Financial plc (PFG) to Hold
Jefferies Group LLC cut shares of Provident Financial plc (LON:PFG) to a hold rating in a report released on Thursday morning. Jefferies Group LLC currently has GBX 940 ($12.16) target price on the stock, down from their prior target price of GBX 3,478 ($44.98).
Several other research analysts have also recently issued reports on PFG. Liberum Capital reissued a hold rating and issued a GBX 2,595 ($33.56) price objective on shares of Provident Financial plc in a research note on Thursday, May 4th. Shore Capital reissued a buy rating on shares of Provident Financial plc in a research note on Tuesday, May 9th. Peel Hunt cut Provident Financial plc to a hold rating and set a GBX 3,365 ($43.52) price objective on the stock. in a research note on Friday, May 12th. Numis Securities Ltd reissued a hold rating and issued a GBX 2,770 ($35.83) price objective on shares of Provident Financial plc in a research note on Friday, May 12th. Finally, Goldman Sachs Group, Inc. (The) dropped their price objective on Provident Financial plc from GBX 3,170 ($41.00) to GBX 3,140 ($40.61) and set a neutral rating on the stock in a research note on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Provident Financial plc currently has a consensus rating of Hold and an average price target of GBX 2,283.42 ($29.53).
Shares of Provident Financial plc (LON PFG) opened at 872.00 on Thursday. The company’s market capitalization is GBX 1.26 billion. Provident Financial plc has a 12 month low of GBX 426.60 and a 12 month high of GBX 3,402.27. The stock has a 50 day moving average price of GBX 1,790.78 and a 200-day moving average price of GBX 2,638.33.
The business also recently announced a dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, October 26th will be given a dividend of GBX 43.20 ($0.56) per share. The ex-dividend date is Thursday, October 26th. This represents a 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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