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

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

A number of other analysts have also weighed in on PRL. Scotiabank reduced their price target on shares of Propel from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research note on Thursday. Stephens upgraded Propel to a “strong-buy” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus target price of $42.75.

Propel Price Performance

Shares of TSE PRL traded down $3.04 during midday trading on Thursday, reaching $22.57. 707,037 shares of the company traded hands, compared to its average volume of 206,470. The company has a market cap of $628.37 million, a price-to-earnings ratio of 13.96 and a beta of 1.75. The stock has a 50-day moving average price of $34.39 and a 200 day moving average price of $33.76. Propel has a 52 week low of $14.97 and a 52 week high of $43.36.

Insider Activity at Propel

In related news, Senior Officer Cindy Usprech sold 5,600 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $36.13, for a total transaction of $202,345.92. Also, Director Clive Kinross sold 30,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $36.79, for a total value of $1,103,817.00. In the last 90 days, insiders sold 54,400 shares of company stock worth $2,009,283. 33.31% of the stock is owned by corporate 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.