Scotia Raises Propel (TSE:PRL) Price Target to C$29.00

Propel (TSE:PRL) had its price objective lifted by equities research analysts at Scotia from C$27.00 to C$29.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock.

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus increased their target price 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. TD set a C$33.00 price target on shares of Propel and gave the company a “buy” rating in a research report on Tuesday, July 14th. TD Securities raised shares of Propel to a “strong-buy” rating in a report on Tuesday, July 14th. Ventum raised their price objective on shares of Propel from C$30.00 to C$34.00 and gave the stock a “buy” rating in a report on Friday. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Propel Trading Up 0.1%

Shares of PRL stock traded up $0.02 on Friday, hitting $28.74. 315,174 shares of the stock were exchanged, compared to its average volume of 247,131. The firm’s 50 day moving average is $24.43 and its two-hundred day moving average is $22.58. Propel has a one year low of $17.24 and a one year high of $36.98. The firm has a market capitalization of $1.13 billion, a PE ratio of 21.45 and a beta of 0.79.

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).