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

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

Several equities research analysts have recently commented on the company. Raymond James reduced their target price on Propel from C$52.00 to C$44.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Scotiabank reduced their price objective on shares of Propel from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th.

Propel Price Performance

PRL stock opened at $22.59 on Monday. The firm has a market cap of $628.93 million, a PE ratio of 13.97 and a beta of 1.75. Propel has a 12 month low of $16.18 and a 12 month high of $43.36. The firm has a 50 day simple moving average of $29.97 and a 200 day simple moving average of $33.26.

Propel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, March 5th were paid a $0.66 dividend. This is an increase from Propel’s previous quarterly dividend of $0.15. This represents a $2.64 annualized dividend and a yield of 11.69%. The ex-dividend date was Wednesday, February 19th. Propel’s dividend payout ratio is currently 34.64%.

Propel Company Profile

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.