Propel (TSE:PRL) Upgraded to Strong-Buy at Stephens

Stephens upgraded shares of Propel (TSE:PRL) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

PRL has been the topic of several other research reports. Raymond James upped their price target on shares of Propel from C$34.00 to C$40.00 in a research report on Thursday, November 7th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Scotiabank downgraded Propel from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Ventum Financial set a C$38.00 price target on Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Propel currently has a consensus rating of “Buy” and a consensus target price of $39.25.

Propel Stock Down 0.1 %

PRL stock traded down $0.04 during midday trading on Wednesday, reaching $35.67. 163,523 shares of the company’s stock traded hands, compared to its average volume of 93,868. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 24.94 and a beta of 1.75. The company has a 50-day simple moving average of $32.25 and a two-hundred day simple moving average of $25.79. Propel has a 1-year low of $9.06 and a 1-year high of $40.88.

Propel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, December 4th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Propel’s previous quarterly dividend of $0.14. Propel’s dividend payout ratio is presently 39.16%.

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.