Propel (TSE:PRL) Stock Price Expected to Rise, Raymond James Analyst Says

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

A number of other analysts have also recently issued reports on the company. Ventum Cap Mkts raised Propel to a “strong-buy” rating in a research note on Tuesday, October 8th. Eight Capital raised their price target on shares of Propel from C$38.00 to C$45.00 in a research note on Friday, November 8th. Ventum Financial set a C$38.00 price target on shares of Propel and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Canaccord Genuity Group raised shares of Propel to a “strong-buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Propel presently has a consensus rating of “Buy” and an average target price of $41.00.

Propel Trading Up 7.8 %

Shares of PRL stock traded up $2.78 on Monday, reaching $38.45. The company had a trading volume of 225,832 shares, compared to its average volume of 94,460. The company has a 50-day moving average of $32.25 and a 200-day moving average of $25.79. Propel has a 12 month low of $9.40 and a 12 month high of $40.88. The stock has a market cap of $1.32 billion, a PE ratio of 26.89 and a beta of 1.75.

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.