Propel (TSE:PRL) Price Target Raised to C$37.00

Propel (TSE:PRL) had its price objective upped by stock analysts at TD from C$33.00 to C$37.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock.

Other equities research analysts also recently issued reports about the company. Raymond James Financial upgraded Propel from a “moderate buy” rating to a “strong-buy” rating and boosted their price target for the company from C$31.00 to C$38.00 in a report on Thursday. TD Securities upgraded shares of Propel to a “strong-buy” rating in a research note on Tuesday, July 14th. ATB Cormark Capital Markets increased their target price on shares of Propel from C$29.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday. Scotia lifted their price target on shares of Propel from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Ventum boosted their price objective on shares of Propel from C$30.00 to C$34.00 and gave the company a “buy” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Propel Trading Up 0.1%

Propel stock traded up $0.02 during midday trading on Friday, hitting $28.74. The stock had a trading volume of 315,174 shares, compared to its average volume of 247,131. The business has a fifty day moving average price of $24.43 and a 200 day moving average price of $22.58. Propel has a 12 month low of $17.24 and a 12 month high of $36.98. The stock has a market cap of $1.13 billion, a P/E ratio of 21.45 and a beta of 0.79.

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).