Ventum Financial Analysts Give Propel (TSE:PRL) a C$38.00 Price Target

Propel (TSE:PRL) has been given a C$38.00 price objective by research analysts at Ventum Financial in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Several other analysts have also weighed in on PRL. Scotiabank upgraded 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 upgraded Propel to a “strong-buy” rating in a report on Friday, October 4th.

Propel Trading Down 0.8 %

Shares of PRL stock opened at $32.30 on Wednesday. The firm’s 50 day moving average is $28.03 and its 200 day moving average is $21.95. Propel has a 12-month low of $7.07 and a 12-month high of $33.06. The stock has a market capitalization of $1.11 billion, a P/E ratio of 22.59 and a beta of 1.75.

Propel (TSE:PRL) last issued its earnings results on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. Propel had a net margin of 10.17% and a return on equity of 36.84%. The company had revenue of $146.06 million during the quarter, compared to the consensus estimate of $137.00 million. As a group, equities analysts predict that Propel will post 5.3923205 earnings per share for the current year.

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.