Raymond James Increases Propel (TSE:PRL) Price Target to C$47.00

Propel (TSE:PRL) had its price objective upped by investment analysts at Raymond James from C$40.00 to C$47.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports.

Several other equities analysts also recently weighed in on the company. Canaccord Genuity Group raised Propel to a “strong-buy” rating in a research report on Friday, October 4th. Ventum Financial set a C$38.00 target price on shares of Propel and gave the stock a “buy” rating in a report on Wednesday, October 9th. Eight Capital lifted their price target on shares of Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. Ventum Cap Mkts raised shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Stephens upgraded Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $41.00.

Propel Trading Up 1.1 %

PRL opened at $38.81 on Monday. Propel has a 12 month low of $9.40 and a 12 month high of $40.88. The stock has a 50-day moving average of $32.73 and a 200 day moving average of $26.11. The firm has a market cap of $1.33 billion, a P/E ratio of 27.14 and a beta of 1.75.

Insider Activity at Propel

In related news, Senior Officer Cindy Usprech sold 859 shares of Propel stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $38.30, for a total value of $32,899.70. 33.31% of the stock is owned by company insiders.

About Propel

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.