Propel Holdings Inc. (TSE:PRL) Given Average Rating of “Buy” by Brokerages

Propel Holdings Inc. (TSE:PRL) has earned a consensus recommendation of “Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company.

Several research firms have commented on PRL. Raymond James Financial cut their target price on Propel from C$46.00 to C$42.00 in a research note on Wednesday, July 16th. Scotiabank boosted their target price on Propel from C$38.00 to C$43.00 in a research note on Wednesday, July 23rd. Finally, Cormark upgraded Propel to a “moderate buy” rating in a research note on Thursday, July 10th.

Propel Stock Performance

TSE PRL opened at $27.27 on Monday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 18.43 and a beta of 1.31. The stock’s 50 day moving average price is $32.91 and its two-hundred day moving average price is $31.59. Propel has a 52 week low of $20.99 and a 52 week high of $43.36.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th were paid a dividend of $0.78 per share. The ex-dividend date was Wednesday, August 27th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 11.4%. This is an increase from Propel’s previous quarterly dividend of $0.18. Propel’s dividend payout ratio (DPR) is currently 30.81%.

Propel Company Profile

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states.