Scotiabank Downgrades Propel (TSE:PRL) to Hold

Propel (TSE:PRL) was downgraded by Scotiabank from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

PRL has been the topic of a number of other research reports. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a report on Tuesday, October 8th. Raymond James increased their price objective on Propel from C$34.00 to C$40.00 in a research note on Thursday, November 7th. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a research note on Friday, October 4th. Eight Capital raised their price target on shares of Propel from C$38.00 to C$45.00 in a research note on Friday. Finally, Ventum Financial set a C$38.00 price objective on shares of Propel and gave the company a “buy” rating in a research report on Wednesday, October 9th.

Propel Price Performance

Shares of TSE PRL opened at $38.18 on Friday. The firm’s 50-day moving average is $31.70 and its two-hundred day moving average is $25.22. The company has a market capitalization of $1.31 billion, a PE ratio of 26.70 and a beta of 1.75. Propel has a 12-month low of $8.65 and a 12-month high of $40.88.

About Propel

Propel Holdings Inc operates as a financial technology company. The company’s lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services.