Canaccord Genuity Reiterates Buy Rating for Provident Financial plc (PFG)
Provident Financial plc (LON:PFG)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a research note issued to investors on Tuesday. They presently have a GBX 3,170 ($41.38) price target on the stock. Canaccord Genuity’s price target indicates a potential upside of 6.23% from the company’s previous close.
Several other research analysts have also recently issued reports on PFG. Liberum Capital reiterated a “hold” rating and set a GBX 2,256 ($29.45) target price on shares of Provident Financial plc in a report on Tuesday, July 26th. Beaufort Securities reiterated a “hold” rating on shares of Provident Financial plc in a report on Wednesday, July 27th. Barclays PLC increased their target price on shares of Provident Financial plc from GBX 2,800 ($36.55) to GBX 2,900 ($37.85) and gave the stock an “overweight” rating in a report on Wednesday, July 27th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 2,172 ($28.35) target price on shares of Provident Financial plc in a report on Tuesday, July 26th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 3,210 ($41.90) target price on shares of Provident Financial plc in a report on Wednesday, June 15th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Provident Financial plc currently has an average rating of “Buy” and a consensus target price of GBX 2,943.64 ($38.42).
Shares of Provident Financial plc (LON:PFG) opened at 3020.00 on Tuesday. The company’s market capitalization is GBX 4.36 billion. The company’s 50-day moving average is GBX 2,910.75 and its 200 day moving average is GBX 2,832.09. Provident Financial plc has a 12 month low of GBX 2,125.00 and a 12 month high of GBX 3,654.00.
The business also recently disclosed a dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, October 27th will be given a GBX 43.20 ($0.56) dividend. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 27th.
In related news, insider Crook,Peter acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The stock was purchased at an average cost of GBX 2,280 ($29.76) per share, with a total value of £570,000 ($744,028.19).
Provident Financial plc Company Profile
Provident Financial plc is a United Kingdom-based non-standard lender. The Company’s divisions include Vanquis Bank Limited (Vanquis Bank), Consumer Credit Division (CCD) and Moneybarn. Its segments include Vanquis Bank, CCD, Moneybarn and Central. The Company serves non-standard credit customers with a range of products from credit cards and car finance, to home credit and online unsecured, and guarantor loans.
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