Provident Financial (PFG) Rating Reiterated by Liberum Capital
Provident Financial (LON:PFG)‘s stock had its “sell” rating restated by analysts at Liberum Capital in a research note issued to investors on Tuesday. They currently have a GBX 483 ($6.50) price objective on the stock. Liberum Capital’s target price suggests a potential downside of 38.90% from the company’s current price.
A number of other research analysts have also recently weighed in on PFG. Numis Securities reaffirmed a “sell” rating on shares of Provident Financial in a research report on Tuesday, August 22nd. Shore Capital reaffirmed an “under review” rating on shares of Provident Financial in a research report on Tuesday, August 22nd. Peel Hunt reaffirmed an “under review” rating on shares of Provident Financial in a research report on Tuesday, August 22nd. Barclays cut Provident Financial to an “equal weight” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank cut Provident Financial to a “neutral” rating in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Provident Financial currently has an average rating of “Hold” and a consensus target price of GBX 1,596.31 ($21.48).
Provident Financial (PFG) traded down GBX 89.50 ($1.20) during trading on Tuesday, hitting GBX 790.50 ($10.64). The company’s stock had a trading volume of 3,819,383 shares, compared to its average volume of 1,280,000. Provident Financial has a 1-year low of GBX 426.60 ($5.74) and a 1-year high of GBX 3,284 ($44.20).
Provident Financial 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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