Provident Financial plc (PFG) Given Average Rating of “Buy” by Brokerages
Shares of Provident Financial plc (LON:PFG) have been given an average recommendation of “Buy” by the fourteen ratings firms that are presently covering the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 3,231.11 ($42.03).
Several research firms have weighed in on PFG. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 2,770 ($36.03) target price on shares of Provident Financial plc in a report on Friday, May 12th. Peel Hunt reiterated an “add” rating and issued a GBX 3,130 ($40.72) target price on shares of Provident Financial plc in a report on Tuesday, February 28th. Liberum Capital reiterated a “hold” rating and issued a GBX 2,256 ($29.35) target price on shares of Provident Financial plc in a report on Friday, March 24th. JPMorgan Chase & Co. increased their target price on shares of Provident Financial plc from GBX 3,400 ($44.23) to GBX 3,650 ($47.48) and gave the stock an “overweight” rating in a report on Wednesday, April 5th. Finally, Shore Capital reiterated a “buy” rating on shares of Provident Financial plc in a report on Tuesday, February 28th.
Shares of Provident Financial plc (LON:PFG) traded up 0.80% during mid-day trading on Monday, reaching GBX 3133.00. 205,453 shares of the company’s stock traded hands. The firm’s market cap is GBX 4.54 billion. The company’s 50 day moving average is GBX 3,158.54 and its 200-day moving average is GBX 2,921.91. Provident Financial plc has a 52 week low of GBX 2,125.00 and a 52 week high of GBX 3,402.27.
The business also recently disclosed a dividend, which will be paid on Friday, June 23rd. Investors of record on Thursday, May 18th will be issued a dividend of GBX 91.40 ($1.19) per share. This represents a dividend yield of 3.13%. This is a positive change from Provident Financial plc’s previous dividend of $43.20. The ex-dividend date of this dividend is Thursday, May 18th.
In related news, insider Ken Mullen sold 7,522 shares of the firm’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of GBX 3,106 ($40.41), for a total transaction of £233,633.32 ($303,933.03). Over the last 90 days, insiders have purchased 14 shares of company stock worth $42,987.
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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.
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