Propel Holdings Inc. (TSE:PRL) Receives Average Recommendation of “Buy” from Analysts

Shares of Propel Holdings Inc. (TSE:PRL) have earned an average recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of analysts have recently issued reports on PRL shares. ATB Cormark Capital Markets lifted their price objective on shares of Propel from C$29.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday. TD boosted their target price on shares of Propel from C$33.00 to C$37.00 and gave the stock a “buy” rating in a research report on Friday. Ventum upped their target price on shares of Propel from C$30.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus increased their price target on shares of Propel from C$34.00 to C$38.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Scotiabank downgraded Propel from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$35.00 to C$27.00 in a research note on Tuesday, April 28th.

Key Propel News

Here are the key news stories impacting Propel this week:

• Positive Sentiment: Propel reported record second-quarter 2026 results and announced another dividend increase, reinforcing confidence in the company’s operating performance and cash-generation capacity. Propel Reports Second Quarter Results and Announces Dividend Increase
• Positive Sentiment: The company raised its quarterly dividend to C$0.255 per share from C$0.24, a 6.3% increase. The higher payout improves the stock’s income appeal and signals management’s confidence in future results. Propel Posts Record Q2 Results and Lifts Dividend Again
• Positive Sentiment: Analyst sentiment strengthened materially. TD raised its target to C$37 and initiated a “buy” rating; Ventum raised its target to C$34 and also rated the shares “buy”; Stifel Nicolaus lifted its target to C$38 with a “buy” rating; and ATB Cormark increased its target to C$38 with an “outperform” rating. BayStreet.CA analyst ratings
• Positive Sentiment: Raymond James upgraded Propel from “moderate buy” to “strong buy” and raised its price target from C$31 to C$38, adding to the bullish analyst momentum. Raymond James analyst rating
• Neutral Sentiment: Scotia raised its price target from C$27 to C$29 but maintained a “sector perform” rating, indicating a more cautious view than the other recent analysts. Scotia analyst rating

Propel Stock Down 1.3%

Shares of TSE PRL opened at $28.36 on Friday. Propel has a 52-week low of $17.24 and a 52-week high of $36.98. The stock has a market capitalization of $1.12 billion, a PE ratio of 21.16 and a beta of 0.79. The firm has a fifty day moving average of $24.54 and a 200-day moving average of $22.62.

Propel Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd will be issued a $0.255 dividend. This is a positive change from Propel’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, August 14th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.6%. Propel’s dividend payout ratio (DPR) is presently 43.86%.

About Propel

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).