Propel (TSE:PRL) Given New C$38.00 Price Target at Scotiabank

Propel (TSE:PRL) had its target price lowered by research analysts at Scotiabank from C$40.00 to C$38.00 in a report released on Wednesday,BayStreet.CA reports.

A number of other analysts have also issued reports on PRL. Raymond James Financial cut their price target on shares of Propel from C$46.00 to C$42.00 in a research note on Wednesday, July 16th. Cormark raised Propel to a “moderate buy” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

Propel Trading Down 15.1%

PRL traded down $3.82 on Wednesday, hitting $21.50. The company had a trading volume of 1,224,145 shares, compared to its average volume of 182,829. The firm has a market cap of $838.39 million, a P/E ratio of 14.53 and a beta of 1.07. The company’s fifty day moving average price is $29.13 and its 200 day moving average price is $32.06. Propel has a 1 year low of $20.99 and a 1 year high of $43.36.

About Propel

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.