Scotia Issues Positive Forecast for Propel (TSE:PRL) Stock Price

Propel (TSE:PRL) had its target price lifted by Scotia from C$27.00 to C$29.00 in a research report report published on Friday morning,BayStreet.CA reports. Scotia currently has a sector perform rating on the stock.

Other research analysts have also issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of Propel from C$34.00 to C$38.00 and gave the company a “buy” rating in a research note on Friday. ATB Cormark Capital Markets increased their target price on Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday. TD set a C$33.00 price target on Propel and gave the stock a “buy” rating in a report on Tuesday, July 14th. Ventum lifted their price target on Propel from C$30.00 to C$34.00 and gave the company a “buy” rating in a research report on Friday. Finally, TD Securities upgraded Propel to a “strong-buy” rating in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Propel Stock Down 1.3%

TSE PRL opened at $28.36 on Friday. The company’s 50 day moving average is $24.54 and its 200-day moving average is $22.62. Propel has a 12-month low of $17.24 and a 12-month high of $36.98. The firm has a market cap of $1.12 billion, a P/E ratio of 21.16 and a beta of 0.79.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be paid a $0.255 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.02 annualized dividend and a yield of 3.6%. This is a boost from Propel’s previous quarterly dividend of $0.24. Propel’s dividend payout ratio is currently 43.86%.

Key Stories Impacting Propel

Here are the key news stories impacting Propel this week:

• Positive Sentiment: Propel reported record second-quarter 2026 results and announced another dividend increase, reinforcing confidence in the company’s operating performance and cash-generation capacity. Propel Reports Second Quarter Results and Announces Dividend Increase
• Positive Sentiment: The company raised its quarterly dividend to C$0.255 per share from C$0.24, a 6.3% increase. The higher payout improves the stock’s income appeal and signals management’s confidence in future results. Propel Posts Record Q2 Results and Lifts Dividend Again
• Positive Sentiment: Analyst sentiment strengthened materially. TD raised its target to C$37 and initiated a “buy” rating; Ventum raised its target to C$34 and also rated the shares “buy”; Stifel Nicolaus lifted its target to C$38 with a “buy” rating; and ATB Cormark increased its target to C$38 with an “outperform” rating. BayStreet.CA analyst ratings
• Positive Sentiment: Raymond James upgraded Propel from “moderate buy” to “strong buy” and raised its price target from C$31 to C$38, adding to the bullish analyst momentum. Raymond James analyst rating
• Neutral Sentiment: Scotia raised its price target from C$27 to C$29 but maintained a “sector perform” rating, indicating a more cautious view than the other recent analysts. Scotia analyst rating

About Propel

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).