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

Shares of Propel Holdings Inc. (TSE:PRL - Get Free Report) have received a consensus recommendation of "Strong Buy" from the six brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company.

A number of brokerages have weighed in on PRL. Scotiabank reduced their price target on shares of Propel from C$45.00 to C$44.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Raymond James reduced their target price on shares of Propel from C$52.00 to C$44.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th.

Propel Trading Up 1.6 %

Shares of Propel stock traded up $0.37 during trading hours on Monday, reaching $23.53. The stock had a trading volume of 200,155 shares, compared to its average volume of 216,764. Propel has a 1 year low of $19.91 and a 1 year high of $43.36. The firm has a market capitalization of $655.10 million, a price-to-earnings ratio of 14.55 and a beta of 1.75. The firm has a 50 day simple moving average of $27.70 and a two-hundred day simple moving average of $32.91.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 11.22%. This is a positive change from Propel's previous quarterly dividend of $0.15. Propel's dividend payout ratio (DPR) is currently 34.64%.

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.