Propel Holdings Inc. (TSE:PRL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Propel Holdings Inc. (TSE:PRL) have earned an average rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company.

A number of research firms have recently issued reports on PRL. Raymond James Financial cut their price target on shares of Propel from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Scotiabank lowered shares of Propel from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$35.00 to C$27.00 in a research note on Tuesday, April 28th.

Propel Trading Down 0.7%

PRL stock opened at $25.72 on Tuesday. Propel has a one year low of $17.24 and a one year high of $37.60. The firm has a market capitalization of $1.01 billion, a PE ratio of 19.19 and a beta of 0.81. The firm has a 50-day moving average of $23.24 and a two-hundred day moving average of $22.45.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.24 per share. This is an increase from Propel’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.96 annualized dividend and a yield of 3.7%. Propel’s dividend payout ratio (DPR) is presently 43.86%.

Propel Company Profile

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).