Provident Financial plc (LON:PFG) Given Average Recommendation of “Hold” by Analysts
Shares of Provident Financial plc (LON:PFG) have received an average rating of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 2,812.13 ($36.43).
Several research firms recently weighed in on PFG. Shore Capital restated a “buy” rating on shares of Provident Financial plc in a research report on Tuesday, July 4th. Numis Securities Ltd cut shares of Provident Financial plc to a “sell” rating and decreased their price objective for the stock from GBX 2,335 ($30.25) to GBX 1,929 ($24.99) in a research report on Monday, July 3rd. Liberum Capital decreased their price objective on shares of Provident Financial plc from GBX 2,770 ($35.88) to GBX 2,000 ($25.91) and set a “sell” rating on the stock in a research report on Monday, July 3rd. Barclays PLC decreased their price objective on shares of Provident Financial plc from GBX 3,600 ($46.63) to GBX 3,150 ($40.80) and set an “overweight” rating on the stock in a research report on Thursday, June 29th. Finally, J P Morgan Chase & Co cut their target price on Provident Financial plc from GBX 3,650 ($47.28) to GBX 3,200 ($41.45) and set an “overweight” rating for the company in a research note on Wednesday, June 28th.
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 ($40.23), for a total value of £233,633.32 ($302,633.83). Insiders purchased 16 shares of company stock valued at $49,032 in the last ninety days.
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Provident Financial plc (PFG) traded down 1.42% during midday trading on Tuesday, hitting GBX 2297.00. 338,960 shares of the stock were exchanged. Provident Financial plc has a 1-year low of GBX 2,282.83 and a 1-year high of GBX 3,402.27. The company’s market capitalization is GBX 3.33 billion. The company’s 50 day moving average is GBX 2,909.73 and its 200 day moving average is GBX 2,914.69.
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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