Liberum Capital Reaffirms Hold Rating for Provident Financial plc (PFG)
Liberum Capital reissued their hold rating on shares of Provident Financial plc (LON:PFG) in a research report released on Thursday. The brokerage currently has a GBX 2,256 ($29.45) price objective on the stock.
Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. reiterated 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. Canaccord Genuity reduced their target price on Provident Financial plc from GBX 3,325 ($43.40) to GBX 3,170 ($41.38) and set a buy rating on the stock in a report on Thursday, July 7th. Panmure Gordon reduced their target price on Provident Financial plc from GBX 2,500 ($32.63) to GBX 2,400 ($31.33) and set a hold rating on the stock in a report on Tuesday, July 26th. Goldman Sachs Group Inc. reiterated a buy rating and set a GBX 3,325 ($43.40) target price on shares of Provident Financial plc in a report on Tuesday, June 28th. Finally, Citigroup Inc. reiterated a buy rating on shares of Provident Financial plc in a report on Wednesday, August 3rd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Provident Financial plc presently has a consensus rating of Buy and an average price target of GBX 2,943.64 ($38.42).
Provident Financial plc (LON:PFG) opened at 2989.00 on Thursday. The firm’s market cap is GBX 4.32 billion. Provident Financial plc has a one year low of GBX 2,125.00 and a one year high of GBX 3,654.00. The stock’s 50 day moving average price is GBX 2,900.83 and its 200-day moving average price is GBX 2,836.20.
The business also recently announced 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 bought 25,000 shares of the stock in a transaction that occurred on 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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