Propel (TSE:PRL) Given New C$34.00 Price Target at Ventum

Propel (TSE:PRL) had its price target boosted by analysts at Ventum from C$30.00 to C$34.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

PRL has been the subject of several other research reports. Stifel Nicolaus raised their price target on shares of Propel from C$34.00 to C$38.00 and gave the company a “buy” rating in a research note on Friday. 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, July 14th. Scotiabank lowered Propel from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$35.00 to C$27.00 in a research report on Tuesday, April 28th. Raymond James Financial raised Propel from a “moderate buy” rating to a “strong-buy” rating and lifted their target price for the stock from C$31.00 to C$38.00 in a report on Thursday. Finally, TD Securities upgraded Propel to a “strong-buy” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Propel presently has an average rating of “Buy”.

Propel Trading Up 0.1%

TSE:PRL traded up $0.02 during mid-day trading on Friday, hitting $28.74. 315,174 shares of the company’s stock were exchanged, compared to its average volume of 247,131. Propel has a fifty-two week low of $17.24 and a fifty-two week high of $36.98. The firm has a market capitalization of $1.13 billion, a P/E ratio of 21.45 and a beta of 0.79. The company has a 50 day simple moving average of $24.43 and a 200-day simple moving average of $22.58.

About Propel

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).