Provident Financial (LON:PFG)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued reports about the stock. Canaccord Genuity dropped their price target on shares of Provident Financial from GBX 378 ($4.65) to GBX 363 ($4.47) and set a “sell” rating on the stock in a research report on Friday, March 6th. JPMorgan Chase & Co. dropped their target price on shares of Provident Financial from GBX 240 ($2.95) to GBX 200 ($2.46) and set a “neutral” rating on the stock in a report on Monday, April 20th. Jefferies Financial Group upgraded shares of Provident Financial to a “buy” rating and dropped their target price for the stock from GBX 470 ($5.78) to GBX 250 ($3.08) in a report on Friday, May 29th. Shore Capital reiterated a “buy” rating on shares of Provident Financial in a report on Wednesday, May 27th. Finally, Royal Bank of Canada dropped their target price on shares of Provident Financial from GBX 210 ($2.58) to GBX 195 ($2.40) and set a “sector performer” rating on the stock in a report on Thursday, May 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 332.56 ($4.09).
PFG stock opened at GBX 176.20 ($2.17) on Wednesday. Provident Financial has a 52 week low of GBX 126.87 ($1.56) and a 52 week high of GBX 492.70 ($6.06). The company has a market capitalization of $446.87 million and a price-to-earnings ratio of 5.32. The firm’s 50-day moving average is GBX 183.72 and its two-hundred day moving average is GBX 306.17. The company has a current ratio of 4.27, a quick ratio of 4.23 and a debt-to-equity ratio of 275.73.
Provident Financial plc provides personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. The company offers credit cards; consumer credit, including unsecured and online instalment loans; and finance for cars and light commercial vehicles. It serves 2.5 million customers through its network of branches, call centers, and Websites.
Further Reading: Bid-Ask Spread
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