Liberum Capital Reiterates Sell Rating for Provident Financial (PFG)
Provident Financial (LON:PFG)‘s stock had its “sell” rating reaffirmed by Liberum Capital in a report released on Monday. They currently have a GBX 483 ($6.55) target price on the stock. Liberum Capital’s target price points to a potential downside of 47.50% from the stock’s previous close.
Several other analysts also recently issued reports on PFG. Numis Securities restated a “buy” rating and set a GBX 1,097 ($14.88) price objective on shares of Provident Financial in a report on Monday, October 9th. Barclays downgraded Provident Financial to an “underweight” rating and set a GBX 584 ($7.92) price objective on the stock. in a report on Wednesday, October 11th. Peel Hunt reiterated a “hold” rating and issued a GBX 870 ($11.80) target price on shares of Provident Financial in a report on Friday, October 13th. Shore Capital reiterated a “buy” rating and issued a GBX 1,000 ($13.56) target price on shares of Provident Financial in a report on Friday, October 13th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,200 ($16.27) target price on shares of Provident Financial in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,453.85 ($19.72).
Provident Financial (LON PFG) traded up GBX 25.40 ($0.34) during midday trading on Monday, reaching GBX 920 ($12.48). The company’s stock had a trading volume of 544,801 shares, compared to its average volume of 688,393. The firm has a market cap of $1,360.00 and a P/E ratio of 652.48. Provident Financial has a 12-month low of GBX 426.60 ($5.79) and a 12-month high of GBX 3,284 ($44.53).
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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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