Propel (TSE:PRL) Raised to “Strong-Buy” at Stephens

Stephens upgraded shares of Propel (TSE:PRL) to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

Several other research firms also recently issued reports on PRL. Ventum Financial set a C$38.00 price target on Propel and gave the company a “buy” rating in a research note on Wednesday, October 9th. Raymond James lifted their target price on Propel from C$34.00 to C$40.00 in a research report on Thursday, November 7th. Eight Capital upped their price target on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a report on Friday, October 4th. Finally, Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $39.25.

Propel Stock Down 0.1 %

Shares of TSE:PRL traded down $0.04 during midday trading on Wednesday, reaching $35.67. 163,523 shares of the company were exchanged, compared to its average volume of 93,868. The firm has a market cap of $1.23 billion, a PE ratio of 24.94 and a beta of 1.75. Propel has a fifty-two week low of $9.06 and a fifty-two week high of $40.88. The stock has a fifty day simple moving average of $32.25 and a two-hundred day simple moving average of $25.79.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.68%. Propel’s dividend payout ratio (DPR) is currently 39.16%.

Propel Company Profile

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.