Canaccord Genuity upgraded shares of Provident Financial (LON:PFG) to a hold rating in a research report released on Monday, February 25th. They currently have GBX 525 ($6.86) target price on the stock, up from their previous target price of GBX 426 ($5.57).
A number of other equities analysts have also commented on the stock. Peel Hunt cut their price objective on shares of Provident Financial from GBX 680 ($8.89) to GBX 550 ($7.19) and set a hold rating on the stock in a report on Friday, February 22nd. Berenberg Bank cut their target price on shares of Provident Financial from GBX 610 ($7.97) to GBX 590 ($7.71) and set a hold rating on the stock in a research note on Thursday, January 17th. JPMorgan Chase & Co. cut their target price on shares of Provident Financial from GBX 725 ($9.47) to GBX 650 ($8.49) and set a neutral rating on the stock in a research note on Wednesday, January 16th. Barclays cut their target price on shares of Provident Financial from GBX 753 ($9.84) to GBX 664 ($8.68) and set an overweight rating on the stock in a research note on Wednesday, January 16th. Finally, Shore Capital restated an under review rating on shares of Provident Financial in a research note on Tuesday, January 15th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 658.50 ($8.60).
PFG stock traded down GBX 4.80 ($0.06) during trading on Monday, reaching GBX 522.60 ($6.83). The stock had a trading volume of 541,282 shares, compared to its average volume of 1,310,000. Provident Financial has a 1-year low of GBX 482.10 ($6.30) and a 1-year high of GBX 722 ($9.43). The company has a debt-to-equity ratio of 295.29, a current ratio of 4.74 and a quick ratio of 4.67. The firm has a market capitalization of $1.31 billion and a P/E ratio of 20.82.
The firm also recently disclosed a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 23rd will be paid a dividend of GBX 10 ($0.13) per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 1.8%. Provident Financial’s dividend payout ratio (DPR) is 0.40%.
In related news, insider Ken Mullen sold 800 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 593 ($7.75), for a total transaction of £4,744 ($6,198.88).
About Provident Financial
Provident Financial plc provides personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. The company offers credit cards; consumer credit, including unsecured and online instalment loans; and finance for cars and light commercial vehicles. It serves 2.5 million customers through its network of branches, call centers, and Websites.
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