Propel Holdings Inc. (TSE:PRL) Receives Average Rating of “Moderate Buy” from Analysts

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

Several analysts have weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of Propel from C$37.00 to C$27.00 in a research note on Wednesday, March 4th. Raymond James Financial lowered their price target on shares of 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. ATB Cormark Capital Markets lowered their price target on shares of Propel from C$38.00 to C$27.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Ventum Financial lowered their price target on shares of Propel from C$4.00 to C$3.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Finally, Stifel Nicolaus lowered their price target on shares of Propel from C$38.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th.

Propel Stock Performance

Shares of TSE:PRL opened at $24.17 on Friday. Propel has a 52-week low of $17.24 and a 52-week high of $39.15. The firm has a fifty day moving average of $21.79 and a 200 day moving average of $22.47. The firm has a market capitalization of $951.38 million, a PE ratio of 18.04 and a beta of 0.83.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd were paid a $0.24 dividend. This is a boost from Propel’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, May 15th. Propel’s payout ratio is presently 43.86%.

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).