Propel (TSE:PRL) Price Target Raised to C$45.00

Propel (TSE:PRL - Get Free Report) had its target price increased by Eight Capital from C$38.00 to C$45.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports.

A number of other analysts have also recently weighed in on PRL. Raymond James raised their price target on Propel from C$34.00 to C$40.00 in a research note on Thursday. Ventum Financial set a C$38.00 price target on shares of Propel and gave the company a "buy" rating in a research note on Wednesday, October 9th. Scotiabank upgraded shares of Propel from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$28.00 to C$34.00 in a research report on Friday, October 4th. Canaccord Genuity Group raised shares of Propel to a "strong-buy" rating in a research report on Friday, October 4th. Finally, Ventum Cap Mkts raised Propel to a "strong-buy" rating in a research report on Tuesday, October 8th.

Propel Stock Performance

Shares of TSE:PRL traded up $0.72 during trading on Friday, hitting $40.38. The company's stock had a trading volume of 169,552 shares, compared to its average volume of 90,357. The company has a market capitalization of $1.39 billion, a PE ratio of 28.27 and a beta of 1.75. The business has a 50 day moving average price of $31.32 and a two-hundred day moving average price of $24.90. Propel has a fifty-two week low of $8.19 and a fifty-two week high of $40.88.

Propel (TSE:PRL - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. Propel had a net margin of 10.17% and a return on equity of 36.84%. The firm had revenue of $146.06 million for the quarter, compared to analysts' expectations of $137.00 million. As a group, equities analysts expect that Propel will post 5.3923205 earnings per share for the current fiscal year.

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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