Propel (TSE:PRL) Price Target Lowered to C$38.00 at Scotiabank

Propel (TSE:PRL) had its target price decreased by investment analysts at Scotiabank from C$44.00 to C$38.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock.

Separately, Raymond James decreased their price objective on Propel from C$52.00 to C$44.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Three analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Propel currently has a consensus rating of “Strong Buy” and an average price target of $41.25.

Propel Trading Down 0.1 %

TSE PRL opened at $26.71 on Thursday. The company has a 50-day moving average price of $25.28 and a two-hundred day moving average price of $32.54. Propel has a 52 week low of $19.91 and a 52 week high of $43.36. The stock has a market cap of $743.63 million, a price-to-earnings ratio of 16.52 and a beta of 1.75.

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.