Propel Holdings Inc. (TSE:PRL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Propel Holdings Inc. (TSE:PRL) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company.

Several analysts have commented on PRL shares. Scotiabank lowered shares of Propel from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$35.00 to C$27.00 in a report on Tuesday. Raymond James Financial lowered their price objective on shares of Propel from C$45.00 to C$32.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. ATB Cormark Capital Markets lowered their price objective on shares of Propel from C$38.00 to C$27.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Canaccord Genuity Group lowered their price objective on shares of Propel from C$37.00 to C$27.00 in a report on Wednesday, March 4th. Finally, Ventum Financial decreased their target price on shares of Propel from C$4.00 to C$3.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th.

Propel Price Performance

Shares of PRL opened at $21.09 on Thursday. Propel has a one year low of $17.24 and a one year high of $39.15. The company has a 50-day simple moving average of $20.04 and a two-hundred day simple moving average of $22.79. The firm has a market capitalization of $830.17 million, a PE ratio of 14.96 and a beta of 0.57.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.225 per share. This is a positive change from Propel’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, February 20th. Propel’s payout ratio is 38.09%.

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. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).