Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Provident Financial (PFG) Stock Price

Headlines about Provident Financial (LON:PFG) have been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Provident Financial earned a coverage optimism score of 1.83 on their scale. InfoTrie also assigned press coverage about the company an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of PFG stock traded up GBX 8.60 ($0.11) during trading hours on Friday, hitting GBX 616.40 ($8.05). The company’s stock had a trading volume of 600,251 shares, compared to its average volume of 1,310,000. Provident Financial has a twelve month low of GBX 426.60 ($5.57) and a twelve month high of GBX 3,284 ($42.91).

A number of brokerages have issued reports on PFG. Peel Hunt reaffirmed a “hold” rating on shares of Provident Financial in a report on Thursday, November 1st. Shore Capital reaffirmed a “buy” rating on shares of Provident Financial in a report on Thursday, November 1st. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 610 ($7.97) target price on shares of Provident Financial in a report on Friday, October 19th. Barclays dropped their target price on shares of Provident Financial from GBX 770 ($10.06) to GBX 753 ($9.84) and set an “overweight” rating for the company in a report on Monday, October 22nd. Finally, Citigroup increased their target price on shares of Provident Financial from GBX 740 ($9.67) to GBX 800 ($10.45) and gave the company a “neutral” rating in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Provident Financial currently has a consensus rating of “Hold” and a consensus price target of GBX 779.50 ($10.19).

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Provident Financial Company Profile

Provident Financial plc provides personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. The company offers credit cards; consumer credit, including unsecured and online instalment loans; and finance for cars and light commercial vehicles. It serves 2.5 million customers through its network of branches, call centers, and Websites.

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