Ventum Financial Cuts Propel (TSE:PRL) Price Target to C$3.00

Propel (TSE:PRL) had its price objective trimmed by Ventum Financial from C$4.00 to C$3.00 in a research note published on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

PRL has been the topic of a number of other research reports. Scotiabank decreased their target price on shares of Propel from C$40.00 to C$38.00 in a research note on Wednesday, November 5th. Canaccord Genuity Group cut their price objective on Propel from C$37.00 to C$27.00 in a report on Wednesday. Raymond James Financial reduced their price objective on Propel from C$42.00 to C$35.00 in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus set a C$38.00 target price on Propel and gave the stock a “buy” rating in a report on Thursday, December 4th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Propel Price Performance

Shares of TSE:PRL opened at $20.07 on Wednesday. The company has a market cap of $789.83 million, a price-to-earnings ratio of 12.87 and a beta of 0.35. The firm has a 50 day simple moving average of $23.56 and a 200 day simple moving average of $25.89. Propel has a one year low of $17.50 and a one year high of $39.15.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, March 4th were issued a $0.225 dividend. The ex-dividend date was Friday, February 20th. This is a positive change from Propel’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 4.5%. Propel’s dividend payout ratio (DPR) is currently 31.67%.

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. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).