Raymond James Issues Positive Forecast for Propel (TSE:PRL) Stock Price

Propel (TSE:PRL) had its price target boosted by Raymond James from C$40.00 to C$47.00 in a report released on Monday,BayStreet.CA reports.

Several other analysts have also recently commented on PRL. Ventum Financial set a C$38.00 target price on Propel and gave the company a “buy” rating in a research report on Wednesday, October 9th. Stephens raised Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Ventum Cap Mkts raised shares of Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Scotiabank downgraded shares of Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $41.00.

Propel Stock Down 0.4 %

Shares of Propel stock opened at $38.95 on Monday. The business has a 50-day moving average price of $33.20 and a 200 day moving average price of $26.44. Propel has a fifty-two week low of $9.78 and a fifty-two week high of $40.88. The firm has a market cap of $1.34 billion, a P/E ratio of 27.24 and a beta of 1.75.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. Propel’s payout ratio is presently 39.16%.

Insider Buying and Selling at Propel

In other Propel news, Senior Officer Cindy Usprech sold 859 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $38.30, for a total value of $32,899.70. Company insiders own 33.31% of the company’s stock.

About Propel

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.