Stifel Nicolaus Analysts Give Propel (TSE:PRL) a C$38.00 Price Target

Stifel Nicolaus set a C$38.00 price target on Propel (TSE:PRL) in a report issued on Monday,BayStreet reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. Scotia raised their price objective on shares of Propel from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Ventum upped their price objective on Propel from C$30.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday, August 7th. TD increased their target price on Propel from C$33.00 to C$37.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Raymond James Financial raised Propel from a “moderate buy” rating to a “strong-buy” rating and lifted their price objective for the company from C$31.00 to C$38.00 in a report on Thursday, August 6th. Finally, TD Securities raised Propel to a “strong-buy” rating in a report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Propel Stock Up 4.3%

TSE:PRL opened at $25.93 on Monday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 18.93 and a beta of 0.79. Propel has a 12 month low of $17.24 and a 12 month high of $35.28. The company’s 50 day moving average is $25.41 and its 200-day moving average is $22.72.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Propel’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, August 14th. Propel’s payout ratio is presently 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).