Provident Financial plc (LON:PFG) had its price objective cut by investment analysts at Goldman Sachs Group Inc from GBX 3,170 ($41.24) to GBX 3,140 ($40.85) in a research report issued to clients and investors on Tuesday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group Inc’s price objective points to a potential upside of 1.59% from the stock’s current price.

A number of other analysts also recently commented on the company. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 2,770 ($36.03) price objective on shares of Provident Financial plc in a research report on Friday, May 12th. Peel Hunt reiterated an “add” rating and issued a GBX 3,130 ($40.72) price objective on shares of Provident Financial plc in a research report on Tuesday, February 28th. Liberum Capital reiterated a “hold” rating and issued a GBX 2,256 ($29.35) price objective on shares of Provident Financial plc in a research report on Friday, March 24th. JPMorgan Chase & Co. raised their price objective on Provident Financial plc from GBX 3,400 ($44.23) to GBX 3,650 ($47.48) and gave the stock an “overweight” rating in a research report on Wednesday, April 5th. Finally, Shore Capital reiterated a “buy” rating on shares of Provident Financial plc in a research report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 3,131.82 ($40.74).

Analyst Recommendations for Provident Financial plc (LON:PFG)

Shares of Provident Financial plc (LON:PFG) opened at 3091.00 on Tuesday. The stock has a 50 day moving average price of GBX 3,168.80 and a 200-day moving average price of GBX 2,929.12. The company’s market capitalization is GBX 4.48 billion. Provident Financial plc has a one year low of GBX 2,125.00 and a one year high of GBX 3,402.27.

The business also recently announced a dividend, which will be paid on Friday, June 23rd. Investors of record on Thursday, May 18th will be given a dividend of GBX 91.40 ($1.19) per share. This represents a dividend yield of 3.13%. The ex-dividend date is Thursday, May 18th. This is an increase from Provident Financial plc’s previous dividend of $43.20.

COPYRIGHT VIOLATION WARNING: “Provident Financial plc (PFG) Price Target Cut to GBX 3,140” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/05/28/provident-financial-plc-pfg-price-target-cut-to-gbx-3140.html.

In related news, insider Ken Mullen sold 7,522 shares of the firm’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of GBX 3,106 ($40.41), for a total transaction of £233,633.32 ($303,933.03). Insiders have purchased a total of 14 shares of company stock valued at $42,987 in the last 90 days.

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.

12 Month Chart for LON:PFG

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.