Provident Financial plc (LON:PFG) was downgraded by equities researchers at Royal Bank Of Canada to a “sector performer” rating in a research report issued on Monday. They presently have a GBX 2,650 ($33.76) price target on the stock, down from their previous price target of GBX 3,400 ($43.32). Royal Bank Of Canada’s price target points to a potential upside of 8.61% from the company’s current price.

Other analysts have also issued research reports about the stock. Peel Hunt reissued an “add” rating and issued a GBX 3,130 ($39.88) price target on shares of Provident Financial plc in a research report on Tuesday, February 28th. Shore Capital reissued a “buy” rating on shares of Provident Financial plc in a research report on Tuesday, February 28th. Jefferies Group LLC reissued a “buy” rating and issued a GBX 3,732 ($47.55) price target on shares of Provident Financial plc in a research report on Friday, March 31st. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 3,215 ($40.96) price target on shares of Provident Financial plc in a research report on Wednesday, March 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Provident Financial plc currently has an average rating of “Hold” and a consensus target price of GBX 2,984.82 ($38.03).

Analyst Recommendations for Provident Financial plc (LON:PFG)

Provident Financial plc (LON:PFG) opened at 2389.00 on Monday. The firm’s 50 day moving average is GBX 3,064.62 and its 200-day moving average is GBX 2,935.72. Provident Financial plc has a 12 month low of GBX 2,125.00 and a 12 month high of GBX 3,402.27. The firm’s market cap is GBX 3.46 billion.

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In other Provident Financial plc news, insider Ken Mullen sold 7,522 shares of the company’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of GBX 3,106 ($39.57), for a total value of £233,633.32 ($297,659.98). Insiders acquired a total of 16 shares of company stock valued at $49,032 over the last 90 days.

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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