Shares of Provident Financial plc (LON:PFG) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 649.80 ($8.49).
Several equities research analysts have commented on the stock. Peel Hunt reiterated a “hold” rating on shares of Provident Financial in a research report on Thursday. Berenberg Bank dropped their price target on shares of Provident Financial from GBX 590 ($7.71) to GBX 540 ($7.06) and set a “hold” rating on the stock in a research report on Tuesday, March 19th. Canaccord Genuity raised Provident Financial to a “hold” rating and lifted their price target for the stock from GBX 426 ($5.57) to GBX 525 ($6.86) in a research note on Monday, February 25th. Finally, Numis Securities reissued an “under review” rating on shares of Provident Financial in a research note on Friday, May 3rd.
In related news, insider Ken Mullen sold 800 shares of Provident Financial stock in a transaction dated Monday, March 4th. The stock was sold at an average price of GBX 593 ($7.75), for a total value of £4,744 ($6,198.88).
Provident Financial stock traded up GBX 19.80 ($0.26) during midday trading on Friday, hitting GBX 479.90 ($6.27). The company’s stock had a trading volume of 373,640 shares, compared to its average volume of 1,310,000. The company has a current ratio of 4.74, a quick ratio of 4.67 and a debt-to-equity ratio of 295.29. Provident Financial has a 12 month low of GBX 440 ($5.75) and a 12 month high of GBX 716 ($9.36). The stock has a market cap of $1.20 billion and a PE ratio of 19.12.
The business also recently declared a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 23rd will be paid a GBX 10 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 1.8%. Provident Financial’s dividend payout ratio is currently 0.40%.
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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