Provident Financial plc Lowered to Hold at Berenberg Bank (PFG)
Provident Financial plc (LON:PFG) was downgraded by stock analysts at Berenberg Bank to a “hold” rating in a report issued on Wednesday. They currently have a GBX 2,050 ($35.16) target price on the stock. Berenberg Bank’s price target would suggest a potential downside of 4.92% from the company’s current price.
A number of other firms have also recently commented on PFG. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Provident Financial plc in a research note on Thursday, July 3rd. They now have a GBX 2,090 ($35.85) price target on the stock. Separately, analysts at RBC Capital downgraded shares of Provident Financial plc to an “underperform” rating in a research note on Monday, June 23rd. They now have a GBX 2,125 ($36.45) price target on the stock, up previously from GBX 1,875 ($32.16). Finally, analysts at Citigroup Inc. upgraded shares of Provident Financial plc to a “buy” rating in a research note on Thursday, June 12th. They now have a GBX 2,530 ($43.40) price target on the stock, up previously from GBX 1,825 ($31.30). Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given 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 1,881.93 ($32.28).
Provident Financial plc (LON:PFG) traded down 1.96% during mid-day trading on Wednesday, hitting GBX 2156.00. 300,516 shares of the company’s stock traded hands. Provident Financial plc has a 52-week low of GBX 1516.00 and a 52-week high of GBX 2297.00. The stock has a 50-day moving average of GBX 2165. and a 200-day moving average of GBX 1914.. The company’s market cap is £2.928 billion.
Provident Financial plc provides credit products non-standard borrowers in the United Kingdom and Ireland.