Berenberg Bank Reiterates “Hold” Rating for Provident Financial (PFG)

Berenberg Bank reissued their hold rating on shares of Provident Financial (LON:PFG) in a research note published on Friday morning. They currently have a GBX 610 ($7.97) price objective on the stock.

Other equities analysts have also issued research reports about the stock. Barclays cut their price objective on shares of Provident Financial from GBX 770 ($10.06) to GBX 753 ($9.84) and set an overweight rating for the company in a research report on Monday. Shore Capital raised shares of Provident Financial to a buy rating in a research report on Monday. Peel Hunt dropped their price target on shares of Provident Financial from GBX 730 ($9.54) to GBX 680 ($8.89) and set a hold rating for the company in a research report on Friday, August 10th. Numis Securities dropped their price target on shares of Provident Financial from GBX 904 ($11.81) to GBX 829 ($10.83) and set a buy rating for the company in a research report on Tuesday, July 31st. Finally, Citigroup upped their price target on shares of Provident Financial from GBX 740 ($9.67) to GBX 800 ($10.45) and gave the stock a neutral rating in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 779.50 ($10.19).

LON:PFG opened at GBX 538 ($7.03) on Friday. Provident Financial has a 1-year low of GBX 426.60 ($5.57) and a 1-year high of GBX 3,284 ($42.91).

Provident Financial Company Profile

Provident Financial plc provides personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. The company offers credit cards; consumer credit, including unsecured and online instalment loans; and finance for cars and light commercial vehicles. It serves 2.5 million customers through its network of branches, call centers, and Websites.

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Analyst Recommendations for Provident Financial (LON:PFG)

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