Propel (TSE:PRL) Given New C$47.00 Price Target at Raymond James

Propel (TSE:PRL) had its price target upped by Raymond James from C$40.00 to C$47.00 in a report issued on Monday,BayStreet.CA reports.

Several other analysts have also commented on the stock. Ventum Cap Mkts raised shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a research note on Friday, October 4th. Eight Capital lifted their price target on shares of Propel from C$38.00 to C$45.00 in a report on Friday, November 8th. Ventum Financial set a C$38.00 price objective on Propel and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Stephens raised Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $41.00.

Propel Trading Up 1.1 %

PRL opened at $38.81 on Monday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 27.14 and a beta of 1.75. Propel has a 12 month low of $9.40 and a 12 month high of $40.88. The stock has a fifty day moving average price of $32.73 and a 200-day moving average price of $26.11.

Insider Activity at Propel

In related news, Senior Officer Cindy Usprech sold 859 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $38.30, for a total value of $32,899.70. 33.31% of the stock is owned by 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.