Raymond James Financial Has Lowered Expectations for Propel (TSE:PRL) Stock Price

Propel (TSE:PRL) had its target price lowered by investment analysts at Raymond James Financial from C$42.00 to C$35.00 in a research report issued on Wednesday,BayStreet.CA reports.

Several other research analysts also recently weighed in on the company. Scotiabank dropped their target price on Propel from C$40.00 to C$38.00 in a research note on Wednesday. Cormark upgraded Propel to a “moderate buy” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

Propel Trading Down 15.1%

Shares of PRL stock traded down $3.82 on Wednesday, reaching $21.50. 1,224,145 shares of the company’s stock were exchanged, compared to its average volume of 182,829. Propel has a 52 week low of $20.99 and a 52 week high of $43.36. The company’s fifty day simple moving average is $29.13 and its 200 day simple moving average is $32.06. The stock has a market capitalization of $838.39 million, a PE ratio of 14.53 and a beta of 1.07.

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.