Ventum Financial Has Lowered Expectations for Propel (TSE:PRL) Stock Price

Propel (TSE:PRL) had its price objective decreased by equities researchers at Ventum Financial from C$4.00 to C$3.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus set a C$38.00 price objective on Propel and gave the stock a “buy” rating in a report on Thursday, December 4th. Scotiabank cut their target price on shares of Propel from C$40.00 to C$38.00 in a research report on Wednesday, November 5th. Canaccord Genuity Group lowered their price target on shares of Propel from C$37.00 to C$27.00 in a research report on Wednesday. Finally, Raymond James Financial cut their price objective on Propel from C$42.00 to C$35.00 in a research report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Propel Price Performance

Propel stock traded up $1.84 during mid-day trading on Wednesday, reaching $20.72. The company had a trading volume of 483,448 shares, compared to its average volume of 294,010. The stock’s 50-day simple moving average is $23.85 and its 200-day simple moving average is $26.05. Propel has a 1 year low of $17.50 and a 1 year high of $39.15. The company has a market capitalization of $815.41 million, a P/E ratio of 13.28 and a beta of 0.62.

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).