Numis Securities Ltd Downgrades Provident Financial plc to Hold (PFG)
Provident Financial plc (LON:PFG) was downgraded by stock analysts at Numis Securities Ltd to a “hold” rating in a report issued on Tuesday, Stock Ratings Network reports. They currently have a GBX 2,023 ($33.64) price objective on the stock, up from their previous price objective of GBX 2,005 ($33.34). Numis Securities Ltd’s target price would suggest a potential upside of 8.18% from the company’s current price.
Provident Financial plc (LON:PFG) traded up 0.38% on Tuesday, hitting GBX 1870.0001. The stock had a trading volume of 596,442 shares. Provident Financial plc has a 1-year low of GBX 1406.00 and a 1-year high of GBX 1919.00. The stock has a 50-day moving average of GBX 1696. and a 200-day moving average of GBX 1658.. The company’s market cap is £2.525 billion.
The company also recently declared a dividend, which is scheduled for Friday, June 20th. Stockholders of record on Wednesday, May 21st will be given a dividend of GBX 54 ($0.90) per share. This represents a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, May 21st.
A number of other analysts have also recently weighed in on PFG. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Provident Financial plc in a research note on Tuesday. They now have a GBX 1,522 ($25.31) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Provident Financial plc in a research note on Thursday, February 20th. They now have a GBX 1,650 ($27.44) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Provident Financial plc in a research note on Thursday, January 16th. They now have a GBX 1,911 ($31.78) price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Provident Financial plc presently has an average rating of “Hold” and a consensus price target of GBX 1,721.33 ($28.63).
Provident Financial plc provides credit products non-standard borrowers in the United Kingdom and Ireland.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.