Provident Financial plc (PFG) Price Target Cut to GBX 3,140
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).
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.
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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.
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