Propel (TSE:PRL) Price Target Raised to C$47.00

Propel (TSE:PRL) had its price objective lifted by Raymond James from C$40.00 to C$47.00 in a research report report published on Monday morning,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. 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. Eight Capital raised their price objective on Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Scotiabank downgraded Propel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Stephens upgraded Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group raised Propel to a “strong-buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Propel presently has a consensus rating of “Buy” and an average price target of $41.00.

Propel Stock Up 0.8 %

TSE:PRL opened at $39.11 on Monday. The company has a market capitalization of $1.34 billion, a PE ratio of 27.35 and a beta of 1.75. Propel has a 52-week low of $9.70 and a 52-week high of $40.88. The stock has a fifty day simple moving average of $32.97 and a 200-day simple moving average of $26.28.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be paid a $0.15 dividend. This is an increase from Propel’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 1.53%. Propel’s dividend 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 shares were sold at an average price of $38.30, for a total transaction of $32,899.70. 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.