Ventum Financial Lowers Propel (TSE:PRL) Price Target to C$40.00

Propel (TSE:PRL) had its price objective lowered by research analysts at Ventum Financial from C$42.00 to C$40.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on the stock. Cormark raised shares of Propel to a “moderate buy” rating in a research note on Thursday, July 10th. Scotiabank cut their price objective on shares of Propel from C$40.00 to C$38.00 in a report on Wednesday. Finally, Raymond James Financial cut their price objective on shares of Propel from C$42.00 to C$35.00 in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Propel Trading Down 1.9%

PRL stock traded down $0.41 on Thursday, hitting $21.34. The company’s stock had a trading volume of 419,552 shares, compared to its average volume of 185,044. The firm has a 50 day moving average of $28.92 and a two-hundred day moving average of $31.98. Propel has a 1 year low of $20.99 and a 1 year high of $43.36. The stock has a market cap of $832.15 million, a price-to-earnings ratio of 14.42 and a beta of 1.07.

Propel Company Profile

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states.