Propel Holdings Inc. (TSE:PRL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Propel Holdings Inc. (TSE:PRL) have been given an average rating of “Moderate Buy” by the five analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company.

Several equities research analysts have commented on the company. Raymond James Financial cut their price objective on Propel from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. ATB Cormark Capital Markets decreased their target price on Propel from C$38.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Ventum Financial lowered their price target on Propel from C$4.00 to C$3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Canaccord Genuity Group dropped their price target on Propel from C$37.00 to C$27.00 in a research report on Wednesday, March 4th. Finally, Stifel Nicolaus decreased their price objective on Propel from C$38.00 to C$32.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th.

Propel Stock Up 1.1%

PRL opened at $22.18 on Friday. The company has a market cap of $873.05 million, a PE ratio of 16.55 and a beta of 0.83. Propel has a twelve month low of $17.24 and a twelve month high of $39.15. The company has a 50-day moving average price of $21.47 and a 200 day moving average price of $22.46.

Propel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from Propel’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, May 15th. Propel’s dividend payout ratio (DPR) is currently 43.86%.

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).