Stephens Upgrades Propel (TSE:PRL) to “Strong-Buy”

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

PRL has been the topic of several other research reports. Eight Capital lifted their target price on shares of Propel from C$38.00 to C$45.00 in a research report on Friday, November 8th. Ventum Financial set a C$38.00 price target on Propel and gave the stock a “buy” rating in a report on Wednesday, October 9th. Ventum Cap Mkts upgraded Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Raymond James lifted their target price on Propel from C$34.00 to C$40.00 in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Propel presently has a consensus rating of “Buy” and an average price target of $39.25.

Propel Price Performance

Shares of PRL stock opened at $35.67 on Wednesday. The firm has a 50-day moving average of $32.25 and a 200-day moving average of $25.79. Propel has a one year low of $9.06 and a one year high of $40.88. The company has a market cap of $1.23 billion, a P/E ratio of 24.94 and a beta of 1.75.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, December 4th will be paid a $0.15 dividend. This is a boost from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, November 15th. 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.