Propel (TSE:PRL) Price Target Cut to C$32.00 by Analysts at Stifel Nicolaus

Propel (TSE:PRL) had its price target dropped by Stifel Nicolaus from C$38.00 to C$32.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

PRL has been the subject of a number of other reports. ATB Cormark Capital Markets cut their price target 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. Raymond James Financial dropped their target price on shares of Propel from C$42.00 to C$35.00 in a report on Wednesday, November 5th. Ventum Financial reduced 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 report on Wednesday. Canaccord Genuity Group dropped their price target on Propel from C$37.00 to C$27.00 in a report on Wednesday. Finally, Scotiabank reduced their price objective on Propel from C$40.00 to C$38.00 in a research note on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Propel Stock Up 9.7%

TSE PRL traded up $1.84 on Wednesday, reaching $20.72. 483,448 shares of the stock traded hands, compared to its average volume of 294,010. Propel has a 12 month low of $17.50 and a 12 month high of $39.15. The company has a market cap of $815.41 million, a price-to-earnings ratio of 13.28 and a beta of 0.62. The firm’s fifty day simple moving average is $23.85 and its 200 day simple moving average is $26.05.

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).