Stifel Nicolaus Cuts Propel (TSE:PRL) Price Target to C$32.00

Propel (TSE:PRL) had its price target cut by Stifel Nicolaus from C$38.00 to C$32.00 in a research report report published on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group cut their price objective on shares of Propel from C$37.00 to C$27.00 in a research note on Wednesday. Scotiabank decreased their target price on shares of Propel from C$40.00 to C$38.00 in a research report on Wednesday, November 5th. Raymond James Financial lowered their price target on shares of Propel from C$42.00 to C$35.00 in a research note on Wednesday, November 5th. ATB Cormark Capital Markets cut their price target on shares of Propel from C$38.00 to C$27.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Ventum Financial reduced their price objective on Propel from C$4.00 to C$3.00 and set a “buy” rating on the stock in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Propel Price Performance

Shares of TSE PRL opened at $20.07 on Wednesday. The stock has a market capitalization of $789.83 million, a P/E ratio of 12.87 and a beta of 0.35. Propel has a one year low of $17.50 and a one year high of $39.15. The firm’s 50 day simple moving average is $23.56 and its two-hundred day simple moving average is $25.89.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, March 4th were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, February 20th. This is a boost from Propel’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a dividend yield of 4.5%. Propel’s payout ratio is 31.67%.

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).