Propel (TSE:PRL) Price Target Raised to C$38.00 at Stifel Nicolaus

Propel (TSE:PRL) had its target price raised by investment analysts at Stifel Nicolaus from C$34.00 to C$38.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Several other equities research analysts also recently commented on PRL. TD Securities raised Propel to a “strong-buy” rating in a report on Tuesday, July 14th. Raymond James Financial raised Propel from a “moderate buy” rating to a “strong-buy” rating and lifted their price target for the stock from C$31.00 to C$38.00 in a research report on Thursday. Scotiabank cut shares of Propel from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$35.00 to C$27.00 in a research note on Tuesday, April 28th. Finally, TD set a C$33.00 price objective on shares of Propel and gave the company a “buy” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Propel Stock Performance

Shares of Propel stock traded up $0.23 during midday trading on Friday, hitting $28.95. The company had a trading volume of 308,173 shares, compared to its average volume of 247,131. Propel has a 52-week low of $17.24 and a 52-week high of $36.98. The stock has a market capitalization of $1.14 billion, a P/E ratio of 21.60 and a beta of 0.79. The company has a 50 day moving average of $24.43 and a 200 day moving average of $22.58.

Propel Company Profile

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).