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

Propel Holdings Inc. (TSE:PRL) has earned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company.

PRL has been the topic of several analyst reports. TD upped their target price on Propel from C$33.00 to C$37.00 and gave the company a “buy” rating in a report on Friday, August 7th. Stifel Nicolaus set a C$38.00 price target on shares of Propel and gave the stock a “buy” rating in a report on Monday, August 31st. Scotia boosted their price target on shares of Propel from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. ATB Cormark Capital Markets upped 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, August 7th. Finally, TD Securities upgraded shares of Propel to a “strong-buy” rating in a research report on Tuesday, July 14th.

Propel Trading Down 3.8%

TSE PRL opened at $25.13 on Friday. The firm has a market capitalization of $989.17 million, a PE ratio of 18.34 and a beta of 0.89. The business’s 50-day moving average price is $25.43 and its two-hundred day moving average price is $23.12. Propel has a 12 month low of $17.24 and a 12 month high of $31.92.

Propel Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd were given a dividend of $0.2550 per share. This represents a $1.02 dividend on an annualized basis and a yield of 4.1%. This is an increase from Propel’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, August 14th. Propel’s payout ratio is currently 46.03%.

Insider Buying and Selling

In other Propel news, insider Cindy Usprech sold 2,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $25.08, for a total transaction of $50,160.00. Company insiders own 33.31% of the company’s stock.

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).