Propel (TSE:PRL) Given New C$47.00 Price Target at Raymond James

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

Several other research analysts have also recently commented on PRL. Eight Capital increased their target price on shares of Propel from C$38.00 to C$45.00 in a 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. Ventum Cap Mkts raised Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Stephens raised Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Scotiabank lowered Propel from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. One equities research 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. According to data from MarketBeat, Propel currently has a consensus rating of “Buy” and a consensus target price of $41.00.

Propel Trading Up 7.6 %

Shares of TSE PRL opened at $38.39 on Monday. The company has a fifty day moving average price of $32.47 and a 200 day moving average price of $25.95. The firm has a market cap of $1.32 billion, a PE ratio of 26.85 and a beta of 1.75. Propel has a 1-year low of $9.40 and a 1-year high of $40.88.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th will be 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 is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.56%. Propel’s dividend payout ratio (DPR) is presently 39.16%.

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.