Propel Holdings Inc. (TSE:PRL) Receives Average Recommendation of "Buy" from Analysts

Propel Holdings Inc. (TSE:PRL - Get Free Report) has been assigned an average recommendation of "Buy" from the five analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and three have assigned a strong buy recommendation to the company.

A number of analysts have recently weighed in on the stock. Raymond James cut their price target on shares of Propel from C$52.00 to C$44.00 and set an "outperform" rating for the company in a report on Thursday. Stephens upgraded Propel to a "strong-buy" rating in a research note on Wednesday, November 13th. Finally, Scotiabank decreased their price target on Propel from C$45.00 to C$44.00 and set an "outperform" rating on the stock in a research note on Thursday.

Propel Stock Down 10.6 %

Shares of TSE:PRL traded down $2.71 during trading on Thursday, reaching $22.90. 735,857 shares of the company traded hands, compared to its average volume of 207,414. The firm has a market capitalization of $637.56 million, a PE ratio of 14.17 and a beta of 1.75. Propel has a 52 week low of $14.97 and a 52 week high of $43.36. The company's 50 day moving average is $34.39 and its two-hundred day moving average is $33.76.

Propel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 11.53%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Propel's previous quarterly dividend of $0.15. Propel's payout ratio is presently 34.64%.

Insider Transactions at Propel

In other news, Director Clive Kinross sold 30,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $36.79, for a total value of $1,103,817.00. Also, Senior Officer Cindy Usprech sold 5,600 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $36.13, for a total value of $202,345.92. Over the last ninety days, insiders sold 54,400 shares of company stock worth $2,009,283. Corporate insiders own 33.31% of the company's stock.

About Propel

Propel Holdings Inc operates as a financial technology company. The company's lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services.

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