Propel Holdings Inc. (TSE:PRL) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of Propel Holdings Inc. (TSE:PRL) have earned an average recommendation of “Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company.

Several equities analysts recently issued reports on the stock. TD lifted their price target on shares of Propel from C$33.00 to C$37.00 and gave the company a “buy” rating in a report on Friday, August 7th. Scotia upped their price objective on shares of Propel from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Stifel Nicolaus set a C$38.00 price objective on shares of Propel and gave the stock a “buy” rating in a report on Monday, August 31st. Raymond James Financial raised shares of Propel from a “moderate buy” rating to a “strong-buy” rating and raised their price objective for the stock from C$31.00 to C$38.00 in a report on Thursday, August 6th. Finally, TD Securities upgraded shares of Propel to a “strong-buy” rating in a research note on Tuesday, July 14th.

Propel Stock Performance

PRL opened at $24.99 on Friday. The firm’s 50-day simple moving average is $25.42 and its 200-day simple moving average is $23.13. Propel has a twelve month low of $17.24 and a twelve month high of $31.38. The firm has a market cap of $983.66 million, a price-to-earnings ratio of 18.24 and a beta of 0.89.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were issued a dividend of $0.2550 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.02 dividend on an annualized basis and a yield of 4.1%. This is a positive change from Propel’s previous quarterly dividend of $0.24. Propel’s payout ratio is 46.03%.

Insider Transactions at Propel

In other Propel news, insider Cindy Usprech sold 9,196 shares of Propel stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $25.86, for a total value of $237,808.56. Insiders own 33.31% of the company’s stock.

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).