Scotiabank Lowers Propel (TSE:PRL) Price Target to C$44.00

Propel (TSE:PRL) had its target price dropped by stock analysts at Scotiabank from C$45.00 to C$44.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock.

Several other research analysts have also issued reports on PRL. Stephens upgraded shares of Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Raymond James lifted their price objective on shares of Propel from C$40.00 to C$47.00 in a research note on Monday, November 18th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average price target of $42.75.

Propel Price Performance

TSE:PRL opened at $23.66 on Thursday. The firm’s 50 day simple moving average is $33.84 and its 200 day simple moving average is $33.71. Propel has a one year low of $14.97 and a one year high of $43.36. The company has a market cap of $658.72 million, a PE ratio of 14.64 and a beta of 1.75.

Insider Buying and Selling at Propel

In other Propel news, Senior Officer Noah Buchman sold 18,800 shares of Propel stock in a transaction on Tuesday, December 24th. The shares were 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 Propel stock in a transaction on Friday, December 20th. The stock was sold at an average price of $36.13, for a total transaction of $202,345.92. In 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.

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.