Provident Financial plc (PFG) Stock Rating Lowered by Barclays PLC
Provident Financial plc (LON:PFG) was downgraded by stock analysts at Barclays PLC to an “underweight” rating in a report issued on Wednesday. They presently have a GBX 584 ($7.68) price target on the stock. Barclays PLC’s target price would indicate a potential downside of 25.98% from the stock’s current price.
PFG has been the topic of several other research reports. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 1,097 ($14.42) target price on shares of Provident Financial plc in a research report on Monday. Beaufort Securities reaffirmed a “hold” rating and set a GBX 2,200 ($28.92) target price on shares of Provident Financial plc in a research report on Wednesday, July 26th. Jefferies Group LLC cut their target price on Provident Financial plc from GBX 3,845 ($50.55) to GBX 3,478 ($45.73) and set a “buy” rating on the stock in a research report on Wednesday, June 21st. Royal Bank Of Canada cut Provident Financial plc to a “sector performer” rating and cut their target price for the company from GBX 3,400 ($44.70) to GBX 2,650 ($34.84) in a research report on Monday, June 26th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 3,430 ($45.10) target price on shares of Provident Financial plc in a research report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Provident Financial plc currently has a consensus rating of “Hold” and a consensus price target of GBX 1,794.50 ($23.59).
Shares of Provident Financial plc (LON:PFG) opened at 867.50 on Wednesday. Provident Financial plc has a 52 week low of GBX 426.60 and a 52 week high of GBX 3,284.00. The company’s market cap is GBX 1.26 billion. The stock’s 50 day moving average price is GBX 818.46 and its 200-day moving average price is GBX 2,213.03.
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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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