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

Propel (TSE:PRL) had its target price dropped by analysts at Raymond James from C$52.00 to C$44.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock.

Several other research analysts have also recently issued reports on PRL. Scotiabank dropped their target price on Propel from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday. Stephens raised Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Propel has an average rating of “Strong Buy” and an average price target of $42.75.

Propel Stock Performance

TSE PRL opened at $23.66 on Thursday. Propel has a one year low of $14.97 and a one year high of $43.36. The stock has a 50-day moving average of $33.84 and a 200 day moving average of $33.71. The company has a market capitalization of $658.72 million, a price-to-earnings ratio of 14.64 and a beta of 1.75.

Insider Activity

In other news, Senior Officer Noah Buchman sold 18,800 shares of Propel stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $37.40, for a total transaction of $703,120.00. Also, Director Clive Kinross sold 30,000 shares of Propel stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $36.79, for a total value of $1,103,817.00. Insiders have sold a total of 54,400 shares of company stock valued at $2,009,283 in the last ninety days. Corporate insiders own 33.31% of the company’s stock.

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.