Propel Holdings Inc. (TSE:PRL) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Propel Holdings Inc. (TSE:PRL) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company.

Several analysts recently issued reports on PRL shares. TD Securities upgraded Propel to a “strong-buy” rating in a report on Tuesday, July 14th. TD set a C$33.00 target price on Propel and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Raymond James Financial cut their price target on Propel from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Finally, Scotiabank cut Propel from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from C$35.00 to C$27.00 in a research note on Tuesday, April 28th.

Propel Stock Up 0.4%

PRL stock opened at $24.63 on Friday. The company has a 50 day moving average of $24.07 and a two-hundred day moving average of $22.50. The company has a market cap of $969.49 million, a price-to-earnings ratio of 18.38 and a beta of 0.81. Propel has a 12-month low of $17.24 and a 12-month high of $37.33.

Propel Increases Dividend

The firm also recently announced 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 3.9%. This is a boost from Propel’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, May 15th. 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).