Peel Hunt reaffirmed their hold rating on shares of Provident Financial (LON:PFG) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also commented on PFG. Berenberg Bank reaffirmed a hold rating and set a GBX 590 ($7.71) price objective on shares of Provident Financial in a research report on Tuesday, February 26th. Canaccord Genuity raised shares of Provident Financial to a hold rating and upped their target price for the company from GBX 426 ($5.57) to GBX 595 ($7.77) in a research note on Wednesday, March 6th. JPMorgan Chase & Co. lowered their target price on shares of Provident Financial from GBX 725 ($9.47) to GBX 650 ($8.49) and set a neutral rating on the stock in a research note on Wednesday, January 16th. Numis Securities reissued an under review rating on shares of Provident Financial in a research note on Friday, May 3rd. Finally, Barclays lowered their target price on shares of Provident Financial from GBX 753 ($9.84) to GBX 664 ($8.68) and set an overweight rating on the stock in a research note on Wednesday, January 16th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Provident Financial has an average rating of Hold and an average target price of GBX 661.14 ($8.64).
Provident Financial stock traded up GBX 19.80 ($0.26) on Thursday, reaching GBX 479.90 ($6.27). 373,640 shares of the stock were exchanged, compared to its average volume of 1,310,000. The firm has a market cap of $1.20 billion and a price-to-earnings ratio of 19.12. The company has a debt-to-equity ratio of 295.29, a current ratio of 4.74 and a quick ratio of 4.67. Provident Financial has a twelve month low of GBX 440 ($5.75) and a twelve month high of GBX 716 ($9.36).
The firm also recently disclosed a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 23rd will be issued a GBX 10 ($0.13) dividend. The ex-dividend date is Thursday, May 23rd. This represents a yield of 1.8%. Provident Financial’s dividend payout ratio is currently 0.40%.
In related news, insider Ken Mullen sold 800 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 593 ($7.75), for a total value of £4,744 ($6,198.88).
About Provident Financial
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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