TD Securities Upgrades Propel (TSE:PRL) to Strong-Buy

Propel (TSE:PRL) was upgraded by equities researchers at TD Securities to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

PRL has been the topic of several other reports. Raymond James Financial cut their price target on Propel from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. TD set a C$33.00 price objective on Propel and gave the company a “buy” rating in a report on Tuesday. Finally, Scotiabank downgraded Propel from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$35.00 to C$27.00 in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Propel Price Performance

Shares of Propel stock opened at $25.73 on Tuesday. The stock has a market cap of $1.01 billion, a PE ratio of 19.20 and a beta of 0.81. The firm has a fifty day moving average price of $23.31 and a 200 day moving average price of $22.46. Propel has a 1 year low of $17.24 and a 1 year high of $37.42.

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).