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

Propel (TSE:PRL) had its price target lowered by equities research analysts at Scotiabank from C$45.00 to C$44.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock.

PRL has been the topic of a number of other reports. Raymond James boosted their price target on shares of Propel from C$40.00 to C$47.00 in a report on Monday, November 18th. Stephens raised shares of Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus price target of $42.75.

Propel Stock Performance

Shares of TSE:PRL opened at $23.66 on Thursday. The company’s 50-day moving average is $33.84 and its 200 day moving average is $33.71. The company has a market capitalization of $658.72 million, a P/E ratio of 14.64 and a beta of 1.75. Propel has a fifty-two week low of $14.97 and a fifty-two week high of $43.36.

Insider Buying and Selling at Propel

In other news, Senior Officer Cindy Usprech sold 5,600 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $36.13, for a total transaction of $202,345.92. Also, Director Clive Kinross sold 30,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $36.79, for a total value of $1,103,817.00. Insiders have sold a total of 54,400 shares of company stock valued at $2,009,283 over the last three months. 33.31% of the stock is currently owned by 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.