TD Analysts Give Propel (TSE:PRL) a C$33.00 Price Target

TD set a C$33.00 price target on Propel (TSE:PRL) in a research report report published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Scotiabank lowered Propel from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$35.00 to C$27.00 in a research report on Tuesday, April 28th. Raymond James Financial reduced their target price on Propel from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Propel Price Performance

Shares of TSE PRL opened at $25.44 on Tuesday. The company has a 50 day simple moving average of $23.35 and a 200-day simple moving average of $22.46. The company has a market capitalization of $1.00 billion, a P/E ratio of 18.99 and a beta of 0.81. Propel has a 1 year low of $17.24 and a 1 year high of $37.42.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd were issued a $0.24 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.8%. This is an increase from Propel’s previous quarterly dividend of $0.23. Propel’s dividend payout ratio (DPR) is currently 43.86%.

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. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).