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 sent to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Scotiabank cut Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Ventum Financial set a C$38.00 price objective on shares of Propel and gave the stock a “buy” rating in a report on Wednesday, October 9th. Raymond James boosted their target price on shares of Propel from C$34.00 to C$40.00 in a research note on Thursday, November 7th. Finally, Eight Capital increased their price target on shares of Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $39.25.

Propel Stock Down 0.1 %

TSE:PRL traded down $0.04 on Wednesday, reaching $35.67. The stock had a trading volume of 163,523 shares, compared to its average volume of 93,868. The company has a market capitalization of $1.23 billion, a P/E ratio of 24.94 and a beta of 1.75. The stock has a fifty day moving average price of $32.25 and a 200-day moving average price of $25.79. Propel has a 1-year low of $9.06 and a 1-year high of $40.88.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.15 per share. This is a boost from Propel’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.68%. Propel’s payout ratio is currently 39.16%.

Propel Company Profile

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.