Propel (TSE:PRL) Price Target Raised to C$45.00 at Eight Capital

Propel (TSE:PRL) had its price target raised by Eight Capital from C$38.00 to C$45.00 in a research note published on Friday,BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. Ventum Financial set a C$38.00 price objective on shares of Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Scotiabank raised Propel from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$28.00 to C$34.00 in a report on Friday, October 4th. Canaccord Genuity Group raised Propel to a “strong-buy” rating in a research note on Friday, October 4th. Ventum Cap Mkts raised Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Raymond James boosted their price target on shares of Propel from C$34.00 to C$40.00 in a research report on Thursday, November 7th.

Propel Stock Down 3.9 %

Propel stock opened at $38.18 on Friday. The company has a fifty day simple moving average of $31.70 and a 200-day simple moving average of $25.22. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.70 and a beta of 1.75. Propel has a 52-week low of $8.65 and a 52-week high of $40.88.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This is a boost from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. Propel’s dividend payout ratio is currently 39.16%.

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.