Propel Holdings Inc. (TSE:PRL) Senior Officer Cindy Usprech Sells 859 Shares

Propel Holdings Inc. (TSE:PRL) Senior Officer Cindy Usprech sold 859 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $38.30, for a total transaction of $32,899.70.

Propel Trading Up 1.1 %

PRL stock opened at $38.81 on Wednesday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 27.14 and a beta of 1.75. The business’s 50-day moving average is $32.73 and its 200 day moving average is $26.11. Propel Holdings Inc. has a 12-month low of $9.40 and a 12-month high of $40.88.

Propel Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, December 4th will be paid a $0.15 dividend. This is an increase from Propel’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, November 15th. Propel’s dividend payout ratio (DPR) is currently 39.16%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PRL. Ventum Cap Mkts raised shares of Propel to a “strong-buy” rating in a research report on Tuesday, October 8th. Stephens raised Propel to a “strong-buy” rating in a report on Wednesday, November 13th. Canaccord Genuity Group upgraded shares of Propel to a “strong-buy” rating in a research note on Friday, October 4th. Raymond James lifted their price target on Propel from C$40.00 to C$47.00 in a research report on Monday. Finally, Scotiabank cut shares of Propel from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Propel has a consensus rating of “Buy” and a consensus target price of $41.00.

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.