Propel Holdings Inc. (TSE:PRL) Given Average Rating of “Strong Buy” by Analysts

Propel Holdings Inc. (TSE:PRL) has earned a consensus rating of “Strong Buy” from the six research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company.

A number of brokerages recently issued reports on PRL. Raymond James decreased their target price on shares of Propel from C$52.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Scotiabank decreased their target price on shares of Propel from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th.

Propel Stock Down 0.0 %

Shares of PRL opened at $23.65 on Thursday. The firm has a 50-day moving average price of $33.57 and a 200 day moving average price of $33.73. The firm has a market capitalization of $658.44 million, a PE ratio of 14.63 and a beta of 1.75. Propel has a 52-week low of $14.97 and a 52-week high of $43.36.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, March 5th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 11.16%. This is an increase 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 Buying and Selling at Propel

In other Propel news, Senior Officer Cindy Usprech sold 5,600 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $36.13, for a total transaction of $202,345.92. Also, Senior Officer Noah Buchman sold 18,800 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $37.40, for a total transaction of $703,120.00. 33.31% of the stock is owned by corporate insiders.

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.