Propel (TSE:PRL) Price Target Lowered to C$44.00 at Scotiabank

Propel (TSE:PRL) had its price target decreased by Scotiabank from C$45.00 to C$44.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Stephens raised shares of Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Raymond James upped their price target on shares of Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average price target of $42.75.

Propel Trading Down 11.9 %

TSE PRL traded down $3.04 on Thursday, hitting $22.57. 707,037 shares of the stock traded hands, compared to its average volume of 206,470. The company has a market capitalization of $628.37 million, a P/E ratio of 13.96 and a beta of 1.75. The stock has a 50-day moving average of $34.39 and a 200 day moving average of $33.76. Propel has a twelve month low of $14.97 and a twelve month high of $43.36.

Insider Activity at Propel

In other news, Senior Officer Noah Buchman sold 18,800 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $37.40, for a total transaction of $703,120.00. Also, Senior Officer Cindy Usprech sold 5,600 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $36.13, for a total transaction of $202,345.92. In the last three months, insiders have sold 54,400 shares of company stock worth $2,009,283. 33.31% of the stock is owned by insiders.

Propel Company Profile

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.