Propel (TSE:PRL) Rating Lowered to “Hold” at Scotiabank

Propel (TSE:PRL) was downgraded by research analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a report on Friday, October 4th. Eight Capital lifted their price objective on Propel from C$38.00 to C$45.00 in a report on Friday. Ventum Financial set a C$38.00 target price on Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Ventum Cap Mkts raised Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Raymond James boosted their price target on Propel from C$34.00 to C$40.00 in a research report on Thursday, November 7th.

Propel Stock Performance

Shares of TSE PRL opened at $38.18 on Friday. The company has a market capitalization of $1.31 billion, a PE ratio of 26.70 and a beta of 1.75. The company’s fifty day moving average price is $31.70 and its 200 day moving average price is $25.22. Propel has a 1 year low of $8.65 and a 1 year high of $40.88.

About Propel

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.