Raymond James Issues Pessimistic Forecast for Propel (TSE:PRL) Stock Price

Propel (TSE:PRL) had its price target decreased by research analysts at Raymond James from C$52.00 to C$44.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock.

PRL has been the subject of a number of other research reports. Stephens raised Propel to a “strong-buy” rating in a research note on Wednesday, November 13th. Scotiabank dropped their price target on Propel from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Propel has a consensus rating of “Strong Buy” and an average price target of $42.75.

Propel Stock Up 6.3 %

Shares of PRL stock opened at $23.66 on Thursday. The stock has a fifty day moving average of $33.84 and a 200 day moving average of $33.71. Propel has a 52 week low of $14.97 and a 52 week high of $43.36. The firm has a market capitalization of $658.72 million, a price-to-earnings ratio of 14.64 and a beta of 1.75.

Insiders Place Their Bets

In other news, Senior Officer Noah Buchman sold 18,800 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $37.40, for a total transaction of $703,120.00. Also, Senior Officer Cindy Usprech sold 5,600 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $36.13, for a total value of $202,345.92. Over the last 90 days, insiders sold 54,400 shares of company stock worth $2,009,283. 33.31% of the stock is owned by corporate 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.