Propel (TSE:PRL) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Propel (TSE:PRL) from a moderate buy rating to a strong-buy rating in a research report sent to investors on Thursday, Marketbeat reports. Raymond James Financial currently has C$38.00 price objective on the stock, up from their previous price objective of C$31.00.

A number of other equities analysts have also commented on PRL. TD Securities upgraded shares of Propel to a “strong-buy” rating in a research report on Tuesday, July 14th. Scotiabank cut shares of Propel from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$35.00 to C$27.00 in a research note on Tuesday, April 28th. Finally, TD set a C$33.00 price target on shares of Propel and gave the company a “buy” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Propel currently has an average rating of “Buy”.

Propel Stock Down 1.3%

PRL stock opened at $28.36 on Thursday. The stock has a 50-day simple moving average of $24.54 and a two-hundred day simple moving average of $22.62. Propel has a twelve month low of $17.24 and a twelve month high of $36.98. The firm has a market capitalization of $1.12 billion, a PE ratio of 21.16 and a beta of 0.79.

Propel Increases Dividend

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

Propel News Summary

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

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).