Propel (TSE:PRL) Price Target Cut to C$27.00 by Analysts at ATB Cormark Capital Markets

Propel (TSE:PRL) had its price target lowered by investment analysts at ATB Cormark Capital Markets from C$38.00 to C$27.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock.

Several other brokerages also recently commented on PRL. Canaccord Genuity Group decreased their price objective on shares of Propel from C$37.00 to C$27.00 in a research report on Wednesday. Scotiabank decreased their price target on Propel from C$40.00 to C$38.00 in a report on Wednesday, November 5th. Stifel Nicolaus set a C$38.00 price objective on Propel and gave the company a “buy” rating in a research report on Thursday, December 4th. Ventum Financial decreased their target price on Propel from C$4.00 to C$3.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Raymond James Financial dropped their price target on Propel from C$42.00 to C$35.00 in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Propel Price Performance

Shares of PRL stock traded up $1.84 during trading hours on Wednesday, reaching $20.72. 483,448 shares of the company traded hands, compared to its average volume of 294,010. The firm has a 50-day moving average price of $23.85 and a 200 day moving average price of $26.05. The company has a market cap of $815.41 million, a P/E ratio of 13.28 and a beta of 0.62. Propel has a 12-month low of $17.50 and a 12-month high of $39.15.

About Propel

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).