ATB Cormark Capital Markets Increases Propel (TSE:PRL) Price Target to C$38.00

Propel (TSE:PRL) had its price target boosted by investment analysts at ATB Cormark Capital Markets from C$29.00 to C$38.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock.

PRL has been the topic of several other reports. Stifel Nicolaus increased their price target on Propel from C$34.00 to C$38.00 and gave the stock a “buy” rating in a report on Friday. TD set a C$33.00 price objective on Propel and gave the company a “buy” rating in a research report on Tuesday, July 14th. TD Securities upgraded Propel to a “strong-buy” rating in a research note on Tuesday, July 14th. Raymond James Financial upgraded Propel from a “moderate buy” rating to a “strong-buy” rating and lifted their target price for the stock from C$31.00 to C$38.00 in a research report on Thursday. Finally, Scotiabank lowered shares of Propel from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from C$35.00 to C$27.00 in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Propel Stock Up 0.8%

Propel stock traded up $0.23 during midday trading on Friday, reaching $28.95. The stock had a trading volume of 308,173 shares, compared to its average volume of 247,131. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 21.60 and a beta of 0.79. Propel has a 52-week low of $17.24 and a 52-week high of $36.98. The company has a fifty day moving average of $24.43 and a 200 day moving average of $22.58.

Propel Company Profile

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).