Propel (TSE:PRL) Price Target Cut to C$3.00 by Analysts at Ventum Financial

Propel (TSE:PRL) had its price target dropped by equities researchers at Ventum Financial from C$4.00 to C$3.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

A number of other brokerages have also recently weighed in on PRL. Scotiabank reduced their price target on shares of Propel from C$40.00 to C$38.00 in a research report on Wednesday, November 5th. Raymond James Financial decreased their price target on shares of Propel from C$42.00 to C$35.00 in a research report on Wednesday, November 5th. Stifel Nicolaus set a C$38.00 price objective on Propel and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Canaccord Genuity Group reduced their price objective on Propel from C$37.00 to C$27.00 in a research note on Wednesday. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Propel Trading Up 9.7%

Shares of Propel stock traded up $1.84 during trading hours on Wednesday, reaching $20.72. The stock had a trading volume of 483,448 shares, compared to its average volume of 294,010. Propel has a 1 year low of $17.50 and a 1 year high of $39.15. The firm has a market capitalization of $815.41 million, a price-to-earnings ratio of 13.28 and a beta of 0.62. The firm has a 50 day simple moving average of $23.85 and a two-hundred day simple moving average of $26.05.

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).