Propel (TSE:PRL) Price Target Cut to C$44.00 by Analysts at Raymond James

Propel (TSE:PRL) had its target price cut by Raymond James from C$52.00 to C$44.00 in a research report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently commented on PRL. Scotiabank decreased their target price on Propel from C$45.00 to C$44.00 and set an “outperform” rating for the company in a report on Thursday. Stephens upgraded Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus price target of $42.75.

Propel Stock Performance

Shares of PRL stock opened at $23.66 on Thursday. The company has a market capitalization of $658.72 million, a P/E ratio of 14.64 and a beta of 1.75. The stock has a 50 day moving average price of $33.84 and a two-hundred day moving average price of $33.76. Propel has a fifty-two week low of $14.97 and a fifty-two week high of $43.36.

Propel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, March 5th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 11.16%. This is a boost from Propel’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, February 19th. Propel’s dividend payout ratio is presently 34.64%.

Insider Transactions at Propel

In other news, Senior Officer Noah Buchman sold 18,800 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $37.40, for a total value of $703,120.00. Also, Senior Officer Cindy Usprech sold 5,600 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $36.13, for a total value of $202,345.92. Over the last three months, insiders have sold 54,400 shares of company stock valued at $2,009,283. Insiders own 33.31% of the company’s stock.

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.