Propel Holdings Inc. (TSE:PRL) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Propel Holdings Inc. (TSE:PRL) have been assigned a consensus recommendation of “Strong Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company.

A number of brokerages have recently weighed in on PRL. Raymond James dropped their target price on Propel from C$52.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. 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 report on Thursday, March 13th.

Insider Buying and Selling

In other Propel news, Senior Officer Noah Buchman sold 18,800 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $37.40, for a total transaction of $703,120.00. Also, Senior Officer Cindy Usprech sold 5,600 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $36.13, for a total value of $202,345.92. 33.31% of the stock is currently owned by corporate insiders.

Propel Price Performance

Shares of PRL opened at $23.65 on Thursday. The company has a market capitalization of $658.44 million, a price-to-earnings ratio of 14.63 and a beta of 1.75. Propel has a fifty-two week low of $14.97 and a fifty-two week high of $43.36. The business’s 50-day moving average is $33.57 and its 200-day moving average is $33.73.

Propel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, March 5th were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $2.64 dividend on an annualized basis and a yield of 11.16%. This is an increase from Propel’s previous quarterly dividend of $0.15. Propel’s dividend payout ratio is currently 34.64%.

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.