Scotiabank Downgrades Propel (TSE:PRL) to Hold

Propel (TSE:PRL) was downgraded by equities research analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

PRL has been the topic of several other reports. Raymond James boosted their price target on Propel from C$34.00 to C$40.00 in a report on Thursday, November 7th. Ventum Financial set a C$38.00 price objective on shares of Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Ventum Cap Mkts raised shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Eight Capital boosted their price objective on Propel from C$38.00 to C$45.00 in a research note on Friday. Finally, Canaccord Genuity Group raised Propel to a “strong-buy” rating in a research note on Friday, October 4th.

Propel Price Performance

PRL stock opened at $38.18 on Friday. The company has a fifty day moving average price of $31.70 and a two-hundred day moving average price of $25.22. Propel has a one year low of $8.65 and a one year high of $40.88. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 26.70 and a beta of 1.75.

About Propel

Propel Holdings Inc operates as a financial technology company. The company’s lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services.