Propel (TSE:PRL) Raised to “Strong-Buy” at TD Securities

Propel (TSE:PRL) was upgraded by TD Securities to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Scotiabank lowered Propel from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$35.00 to C$27.00 in a report on Tuesday, April 28th. Raymond James Financial dropped 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 research report on Wednesday, May 6th. Finally, TD set a C$33.00 price objective on shares of Propel and gave the stock a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Propel Stock Performance

PRL opened at $25.73 on Tuesday. The company has a market cap of $1.01 billion, a PE ratio of 19.20 and a beta of 0.81. The stock has a 50-day moving average of $23.31 and a 200-day moving average of $22.46. Propel has a 52-week low of $17.24 and a 52-week high of $37.42.

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).