Propel Holdings Inc. (TSE:PRL) Given Consensus Rating of “Strong Buy” by Brokerages

Propel Holdings Inc. (TSE:PRL) has been assigned an average recommendation of “Strong Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company.

Several equities analysts have recently weighed in on the company. Cormark upgraded Propel to a “moderate buy” rating in a report on Thursday, July 10th. Scotiabank reduced their price target on Propel from C$44.00 to C$38.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Finally, Raymond James Financial reduced their price target on Propel from C$46.00 to C$42.00 in a report on Wednesday.

Insider Buying and Selling

In related news, Senior Officer Noah Buchman sold 26,871 shares of Propel stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $37.34, for a total value of $1,003,424.94. Also, Senior Officer Jonathan Krauklis sold 5,000 shares of Propel stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $36.00, for a total value of $180,000.00. Insiders sold 115,493 shares of company stock worth $4,085,590 in the last three months. 33.31% of the stock is currently owned by company insiders.

Propel Price Performance

Shares of TSE:PRL opened at $35.79 on Wednesday. Propel has a 1-year low of $20.99 and a 1-year high of $43.36. The business has a fifty day moving average price of $34.77 and a 200-day moving average price of $31.74. The company has a market capitalization of $996.43 million, a PE ratio of 22.14 and a beta of 1.75.

Propel Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, June 4th were issued a $0.18 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.72 annualized dividend and a yield of 2.01%. Propel’s payout ratio is 34.64%.

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.