Propel Holdings Inc. (TSE:PRL) Receives Consensus Rating of “Buy” from Brokerages

Propel Holdings Inc. (TSE:PRL) has received an average rating of “Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company.

A number of equities analysts recently commented on PRL shares. Scotiabank lifted their price target on Propel from C$38.00 to C$43.00 in a research note on Wednesday, July 23rd. Raymond James Financial cut their target price on shares of Propel from C$46.00 to C$42.00 in a report on Wednesday, July 16th. Finally, Cormark raised shares of Propel to a “moderate buy” rating in a report on Thursday, July 10th.

Propel Price Performance

Shares of Propel stock opened at $27.27 on Monday. The business has a 50-day moving average of $32.91 and a 200-day moving average of $31.69. The company has a market capitalization of $1.06 billion, a PE ratio of 18.43 and a beta of 1.11. Propel has a 1-year low of $20.99 and a 1-year high of $43.36.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This is a positive change from Propel’s previous quarterly dividend of $0.18. This represents a $3.12 annualized dividend and a yield of 11.4%. Propel’s dividend payout ratio is presently 30.81%.

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.