Provident Financial plc (PFG) Price Target Raised to GBX 2,595 at Liberum Capital
Provident Financial plc (LON:PFG) had its price target boosted by Liberum Capital from GBX 2,256 ($27.92) to GBX 2,595 ($32.12) in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. Liberum Capital’s price target would suggest a potential downside of 15.72% from the stock’s previous close.
A number of other research firms have also recently commented on PFG. Panmure Gordon reiterated a “hold” rating on shares of Provident Financial plc in a research report on Friday. Royal Bank Of Canada decreased their price target on Provident Financial plc from GBX 3,250 ($40.22) to GBX 3,000 ($37.13) and set a “sector performer” rating on the stock in a research note on Tuesday, September 6th. Canaccord Genuity reissued a “buy” rating and issued a GBX 3,170 ($39.23) price target on shares of Provident Financial plc in a research note on Tuesday, September 20th. JPMorgan Chase & Co. reissued an “outperform” rating and issued a GBX 3,200 ($39.60) price target on shares of Provident Financial plc in a research note on Thursday, August 25th. Finally, Jefferies Group initiated coverage on Provident Financial plc in a research note on Thursday, September 8th. They issued a “buy” rating and a GBX 3,732 ($46.19) price target on the stock. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Provident Financial plc presently has an average rating of “Buy” and a consensus price target of GBX 2,974.45 ($36.81).
Shares of Provident Financial plc (LON:PFG) opened at 3051.00 on Friday. The stock’s market capitalization is GBX 4.41 billion. The company’s 50 day moving average is GBX 3,029.67 and its 200-day moving average is GBX 2,841.52. Provident Financial plc has a 1-year low of GBX 2,125.00 and a 1-year high of GBX 3,654.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/14/provident-financial-plc-pfg-price-target-raised-to-gbx-2595-at-liberum-capital.html
The business also recently announced a dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, October 27th will be issued a dividend of GBX 43.20 ($0.53) per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a dividend yield of 1.57%.
Provident Financial plc Company Profile
Provident Financial plc is a United Kingdom-based non-standard lender. The Company’s divisions include Vanquis Bank Limited (Vanquis Bank), Consumer Credit Division (CCD) and Moneybarn. Its segments include Vanquis Bank, CCD, Moneybarn and Central. The Company serves non-standard credit customers with a range of products from credit cards and car finance, to home credit and online unsecured, and guarantor loans.
Receive News & Ratings for Provident Financial plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Provident Financial plc and related companies with MarketBeat.com's FREE daily email newsletter.