Liberum Capital Reaffirms Hold Rating for Provident Financial plc (PFG)
Liberum Capital reiterated their hold rating on shares of Provident Financial plc (LON:PFG) in a research note published on Thursday morning. They currently have a GBX 2,256 ($29.45) price objective on the stock.
Several other equities research analysts also recently commented on PFG. JPMorgan Chase & Co. reaffirmed an outperform rating and set a GBX 3,200 ($41.77) target price on shares of Provident Financial plc in a report on Thursday, August 25th. Societe Generale raised Provident Financial plc to a buy rating and reduced their target price for the company from GBX 3,170 ($41.38) to GBX 3,095 ($40.40) in a report on Tuesday, July 5th. Jefferies Group began coverage on Provident Financial plc in a report on Thursday, September 8th. They set a buy rating and a GBX 3,732 ($48.71) target price for the company. Peel Hunt reaffirmed a hold rating and set a GBX 3,130 ($40.86) target price on shares of Provident Financial plc in a report on Wednesday, July 20th. Finally, Shore Capital reaffirmed a hold rating on shares of Provident Financial plc in a report on Friday, June 24th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 2,943.64 ($38.42).
Provident Financial plc (LON:PFG) opened at 2989.00 on Thursday. The stock has a 50 day moving average price of GBX 2,900.83 and a 200 day moving average price of GBX 2,836.20. Provident Financial plc has a 1-year low of GBX 2,125.00 and a 1-year high of GBX 3,654.00. The firm’s market capitalization is GBX 4.32 billion.
The business also recently disclosed a dividend, which will be paid on Friday, November 25th. Stockholders of record on Thursday, October 27th will be issued a dividend of GBX 43.20 ($0.56) per share. 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 stock in a transaction dated Tuesday, June 28th. The shares were acquired at an average price 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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