Propel (TSE:PRL) Price Target Raised to C$47.00

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

Several other equities analysts also recently commented on PRL. Stephens upgraded Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a research note on Friday, October 4th. Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Ventum Financial set a C$38.00 target price on Propel and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Eight Capital increased their price target on Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Propel currently has an average rating of “Buy” and an average price target of $41.00.

Propel Stock Performance

Shares of TSE:PRL opened at $38.39 on Monday. Propel has a 52-week low of $9.40 and a 52-week high of $40.88. The company has a market capitalization of $1.32 billion, a PE ratio of 26.85 and a beta of 1.75. The company has a fifty day moving average of $32.47 and a 200-day moving average of $25.95.

Propel Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.56%. This is a positive change from Propel’s previous quarterly dividend of $0.14. Propel’s payout ratio is currently 39.16%.

Propel Company Profile

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.