Noah Buchman Sells 18,800 Shares of Propel Holdings Inc. (TSE:PRL) Stock

Propel Holdings Inc. (TSE:PRLGet Free Report) 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.

Propel Price Performance

Shares of TSE:PRL opened at $36.85 on Friday. Propel Holdings Inc. has a 1 year low of $12.10 and a 1 year high of $40.88. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 25.77 and a beta of 1.75. The company’s 50 day simple moving average is $36.38 and its 200 day simple moving average is $29.84.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th were paid a $0.15 dividend. This is a positive change from Propel’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.63%. Propel’s dividend payout ratio (DPR) is presently 39.16%.

Analyst Ratings Changes

PRL has been the topic of several research reports. Eight Capital upped their target price on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Ventum Financial set a C$38.00 price objective on Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Raymond James increased their price objective on Propel from C$40.00 to C$47.00 in a research report on Monday, November 18th. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Scotiabank lowered shares of Propel from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Propel currently has an average rating of “Buy” and an average price target of $41.00.

Get Our Latest Stock Analysis on Propel

Propel Company Profile

(Get Free Report)

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.

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