Propel Holdings Inc. (TSE:PRL) Given Average Recommendation of “Moderate Buy” by Analysts

Propel Holdings Inc. (TSE:PRL) has been given a consensus rating of “Moderate Buy” by the five brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company.

A number of research firms have recently commented on PRL. Scotiabank cut shares of Propel from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from C$35.00 to C$27.00 in a report on Tuesday, April 28th. Raymond James Financial lowered their price objective on Propel from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th.

Propel Trading Down 1.2%

TSE:PRL traded down $0.32 on Tuesday, reaching $25.31. 106,005 shares of the stock traded hands, compared to its average volume of 258,248. The company has a market capitalization of $996.25 million, a price-to-earnings ratio of 18.89 and a beta of 0.81. Propel has a 12 month low of $17.24 and a 12 month high of $38.78. The company’s fifty day simple moving average is $22.86 and its 200 day simple moving average is $22.44.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Propel’s previous quarterly dividend of $0.23. Propel’s dividend payout ratio is presently 43.86%.

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).