JPMorgan Chase & Co. Reiterates “Overweight” Rating for Provident Financial plc (PFG)
Provident Financial plc (LON:PFG)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. They presently have a GBX 3,300 ($40.84) price target on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 8.70% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Panmure Gordon reaffirmed a “hold” rating on shares of Provident Financial plc in a report on Friday. Liberum Capital lifted their price objective on Provident Financial plc from GBX 2,256 ($27.92) to GBX 2,595 ($32.12) and gave the company a “hold” rating in a report on Friday. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 3,079 ($38.11) price objective (up previously from GBX 2,350 ($29.08)) on shares of Provident Financial plc in a report on Friday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 3,130 ($38.74) price objective on shares of Provident Financial plc in a report on Friday. Finally, Shore Capital reaffirmed a “buy” rating on shares of Provident Financial plc in a report on Friday. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 3,066 ($37.95).
Provident Financial plc (LON:PFG) opened at 3070.00 on Monday. The stock’s market capitalization is GBX 4.44 billion. The company has a 50-day moving average price of GBX 3,031.00 and a 200 day moving average price of GBX 2,844.00. Provident Financial plc has a 12 month low of GBX 2,125.00 and a 12 month high of GBX 3,654.00.
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The business also recently disclosed a dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, October 27th will be given a dividend of GBX 43.20 ($0.53) per share. The ex-dividend date is Thursday, October 27th. This represents a dividend yield of 1.57%.
About Provident Financial plc
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.
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