Propel Holdings Inc. (TSE:PRL) Given Average Rating of “Buy” by Brokerages

Shares of Propel Holdings Inc. (TSE:PRL) have earned an average rating of “Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating.

Several equities analysts recently issued reports on PRL shares. ATB Cormark Capital Markets lowered their price target on Propel from C$38.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Raymond James Financial decreased their price objective on shares of Propel from C$45.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Ventum Financial cut their price target on Propel from C$4.00 to C$3.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Stifel Nicolaus dropped their price objective on shares of Propel from C$38.00 to C$32.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, Canaccord Genuity Group reduced their target price on shares of Propel from C$37.00 to C$27.00 in a research note on Wednesday, March 4th.

Propel Trading Down 0.7%

Shares of Propel stock opened at $17.70 on Friday. The company’s fifty day simple moving average is $21.90 and its 200-day simple moving average is $24.41. Propel has a 1 year low of $17.24 and a 1 year high of $39.15. The company has a market cap of $696.73 million, a price-to-earnings ratio of 12.55 and a beta of 0.35.

Propel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Friday, February 20th. This is an increase from Propel’s previous quarterly dividend of $0.21. Propel’s dividend payout ratio is presently 38.09%.

About Propel

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).