Provident Financial (LON:PFG) Rating Reiterated by Shore Capital
Shore Capital restated their hold rating on shares of Provident Financial (LON:PFG) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also recently issued research reports about the stock. Berenberg Bank cut their price objective on shares of Provident Financial from GBX 540 ($7.10) to GBX 470 ($6.18) and set a hold rating for the company in a research note on Monday, November 11th. Canaccord Genuity cut their price objective on shares of Provident Financial from GBX 430 ($5.66) to GBX 378 ($4.97) and set a sell rating for the company in a research note on Friday, September 20th. Peel Hunt reaffirmed a buy rating and issued a GBX 550 ($7.23) price objective on shares of Provident Financial in a research note on Thursday, November 7th. Barclays reaffirmed an overweight rating on shares of Provident Financial in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada initiated coverage on shares of Provident Financial in a research note on Friday, December 6th. They issued a sector performer rating and a GBX 445 ($5.85) price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Provident Financial has a consensus rating of Hold and an average target price of GBX 515.38 ($6.78).
Shares of Provident Financial stock opened at GBX 421.30 ($5.54) on Monday. Provident Financial has a 52-week low of GBX 348.70 ($4.59) and a 52-week high of GBX 665.20 ($8.75). The stock has a market capitalization of $1.07 billion and a price-to-earnings ratio of 18.24. The company has a fifty day moving average of GBX 434.79 and a 200-day moving average of GBX 421.79. The company has a debt-to-equity ratio of 320.88, a quick ratio of 4.24 and a current ratio of 4.24.
Provident Financial plc provides personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. The company offers credit cards; consumer credit, including unsecured and online instalment loans; and finance for cars and light commercial vehicles. It serves 2.5 million customers through its network of branches, call centers, and Websites.
Further Reading: Cost of Equity For A Business, Investors
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