Provident Financial plc (PFG) Given “Buy” Rating at Canaccord Genuity
Canaccord Genuity reaffirmed their buy rating on shares of Provident Financial plc (LON:PFG) in a research note published on Tuesday morning. They currently have a GBX 3,170 ($41.38) price target on the stock.
A number of other analysts have also recently commented on PFG. Goldman Sachs Group Inc. reiterated a neutral rating and issued a GBX 3,210 ($41.90) price target on shares of Provident Financial plc in a research note on Wednesday, June 15th. Barclays PLC reissued an overweight rating on shares of Provident Financial plc in a research report on Thursday, June 16th. Shore Capital reissued a hold rating on shares of Provident Financial plc in a research report on Friday, June 24th. Numis Securities Ltd reissued a hold rating and issued a GBX 2,172 ($28.35) price objective on shares of Provident Financial plc in a research report on Tuesday, June 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Provident Financial plc from GBX 3,500 ($45.69) to GBX 3,200 ($41.77) and set an overweight rating on the stock in a research report on Wednesday, June 29th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of GBX 2,943.64 ($38.42).
Provident Financial plc (LON:PFG) opened at 2995.00 on Tuesday. Provident Financial plc has a 12-month low of GBX 2,125.00 and a 12-month high of GBX 3,654.00. The stock’s 50 day moving average is GBX 2,905.30 and its 200 day moving average is GBX 2,835.27. The company’s market cap is GBX 4.33 billion.
The company also recently announced a dividend, which will be paid on Friday, November 25th. Shareholders of record on Thursday, October 27th will be issued a GBX 43.20 ($0.56) dividend. This represents a yield of 1.57%. The ex-dividend date is Thursday, October 27th.
In related news, insider Crook,Peter purchased 25,000 shares of Provident Financial plc stock in a transaction dated Tuesday, June 28th. The shares were bought at an average cost of GBX 2,280 ($29.76) per share, for a total transaction of £570,000 ($744,028.19).
Provident Financial plc Company Profile
Provident Financial plc is a United Kingdom-based non-standard lender. The Company’s divisions include Vanquis Bank Limited (Vanquis Bank), Consumer Credit Division (CCD) and Moneybarn. Its segments include Vanquis Bank, CCD, Moneybarn and Central. The Company serves non-standard credit customers with a range of products from credit cards and car finance, to home credit and online unsecured, and guarantor loans.
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