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

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

Several research firms have recently commented on PRL. Raymond James dropped their price objective on shares of Propel from C$52.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday. Scotiabank dropped their price objective on shares of Propel from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday.

Propel Price Performance

PRL stock opened at $23.66 on Thursday. The firm’s fifty day simple moving average is $33.84 and its 200-day simple moving average is $33.76. 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 12 month low of $14.97 and a 12 month high of $43.36.

Propel Increases Dividend

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

Insider Activity

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