Propel (TSE:PRL) Given New C$37.00 Price Target at TD

Propel (TSE:PRL) had its target price increased by equities researchers at TD from C$33.00 to C$37.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Several other equities analysts have also commented on PRL. Scotiabank lowered Propel from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$35.00 to C$27.00 in a research report on Tuesday, April 28th. Ventum lifted their price objective on shares of Propel from C$30.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday. ATB Cormark Capital Markets boosted their target price on shares of Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday. Scotia upped their target price on shares of Propel from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Stifel Nicolaus boosted their price objective on shares of Propel from C$34.00 to C$38.00 and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Propel Stock Up 0.1%

Shares of TSE PRL traded up $0.02 on Friday, hitting $28.74. The company had a trading volume of 315,174 shares, compared to its average volume of 247,131. Propel has a 12-month low of $17.24 and a 12-month high of $36.98. The business has a 50 day moving average of $24.43 and a two-hundred day moving average of $22.58. The firm has a market capitalization of $1.13 billion, a P/E ratio of 21.45 and a beta of 0.79.

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).