Stephens upgraded shares of Propel (TSE:PRL - Free Report) to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.
A number of other brokerages have also recently issued reports on PRL. Ventum Cap Mkts upgraded shares of Propel to a "strong-buy" rating in a report on Tuesday, October 8th. Ventum Financial set a C$38.00 price objective on shares of Propel and gave the company a "buy" rating in a report on Wednesday, October 9th. Raymond James lifted their price objective on shares of Propel from C$34.00 to C$40.00 in a report on Thursday, November 7th. Eight Capital lifted their price objective on shares of Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. Finally, Canaccord Genuity Group upgraded shares of Propel to a "strong-buy" rating in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $39.25.
Read Our Latest Research Report on Propel
Propel Stock Down 0.1 %
PRL traded down $0.04 during midday trading on Wednesday, hitting $35.67. The company had a trading volume of 163,523 shares, compared to its average volume of 93,868. Propel has a 52 week low of $9.06 and a 52 week high of $40.88. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 24.94 and a beta of 1.75. The stock's 50 day moving average price is $32.25 and its 200 day moving average price is $25.79.
Propel Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, November 15th. This is a positive change from Propel's previous quarterly dividend of $0.14. Propel's dividend payout ratio is 39.16%.
About Propel
(
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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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