Propel (TSE:PRL) PT Set at C$38.00 by Ventum Financial

Propel (TSE:PRL) has been assigned a C$38.00 price objective by research analysts at Ventum Financial in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Other equities analysts have also issued research reports about the stock. Scotiabank upgraded shares of Propel from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$28.00 to C$34.00 in a research report on Friday, October 4th. Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th.

Propel Stock Up 6.4 %

PRL stock traded up $1.94 during midday trading on Wednesday, reaching $32.36. The company had a trading volume of 95,572 shares, compared to its average volume of 84,934. The firm has a market capitalization of $1.11 billion, a PE ratio of 22.95 and a beta of 1.81. The stock has a 50 day moving average price of $27.79 and a 200 day moving average price of $21.67. Propel has a fifty-two week low of $7.07 and a fifty-two week high of $32.55.

Propel (TSE:PRL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. Propel had a return on equity of 36.84% and a net margin of 10.17%. The business had revenue of $146.06 million during the quarter, compared to analyst estimates of $137.00 million. Research analysts predict that Propel will post 5.2716469 EPS for the current year.

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.