Propel Holdings Inc. (TSE:PRL) Receives Average Rating of “Buy” from Brokerages

Propel Holdings Inc. (TSE:PRL) has received an average rating of “Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation.

Several equities research analysts have commented on PRL shares. Raymond James Financial dropped their price target on shares of Propel from C$45.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Stifel Nicolaus decreased their price objective on Propel from C$38.00 to C$32.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Canaccord Genuity Group lowered their target price on Propel from C$37.00 to C$27.00 in a research report on Wednesday, March 4th. Ventum Financial cut their target price on Propel from C$4.00 to C$3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Finally, ATB Cormark Capital Markets reduced their price target on Propel from C$38.00 to C$27.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th.

Propel Stock Up 4.8%

Shares of TSE:PRL opened at $18.63 on Friday. The company’s 50-day moving average price is $21.68 and its 200 day moving average price is $24.14. The company has a market cap of $733.33 million, a PE ratio of 13.21 and a beta of 0.35. Propel has a fifty-two week low of $17.24 and a fifty-two week high of $39.15.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, March 4th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, February 20th. This is an increase from Propel’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a yield of 4.8%. Propel’s dividend payout ratio is currently 38.09%.

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).