Propel Holdings Inc. (TSE:PRL) Given Average Recommendation of “Buy” by Analysts

Propel Holdings Inc. (TSE:PRL) has been given a consensus rating of “Buy” by the nine research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company.

PRL has been the topic of a number of analyst reports. Raymond James Financial upgraded shares of Propel from a “moderate buy” rating to a “strong-buy” rating and increased their price target for the company from C$31.00 to C$38.00 in a research report on Thursday, August 6th. TD upped their target price on shares of Propel from C$33.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday, August 7th. ATB Cormark Capital Markets increased their target price on shares of Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Stifel Nicolaus increased their target price on shares of Propel from C$34.00 to C$38.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Scotia lifted their price target on shares of Propel from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th.

Propel Trading Up 0.2%

Propel stock opened at $24.90 on Wednesday. The firm has a market capitalization of $980.39 million, a P/E ratio of 18.18 and a beta of 0.79. The business has a 50-day moving average of $25.33 and a 200-day moving average of $22.71. Propel has a 1 year low of $17.24 and a 1 year high of $35.28.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd will be given a $0.255 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Propel’s previous quarterly dividend of $0.24. Propel’s dividend payout ratio is currently 46.03%.

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).