Royal Bank of Canada reiterates Provident Financial (LON:PFG) sector perform rating
Provident Financial (LON:PFG – Rating Received)Stock of was given a “Sector Perform” rating by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Thursday, reports Marketbeat.com. They currently have a price target of GBX 325 ($4.28) on the stock. The Royal Bank of Canada’s price target suggests a potential upside move of 6.21% from the stock’s current price.
A number of other research firms have also recently commented on PFG. Shore Capital reiterated a “buy” rating on shares of Provident Financial in a research report Thursday. The Canaccord Genuity Group raised its target price on Provident Financial shares from GBX 210 (US$2.76) to GBX 318 (US$4.19) and rated the stock a “Sell” in a research note on Thursday, December 9th “. Barclays reinstated an “overweight” rating and price target of GBX 410 ($5.40) on Provident Financial shares in a research report on Monday, February 21. Finally, they raised their target price on Provident Financial shares from GBX 210 (US$2.76) to GBX 318 (US$4.19) and gave the company a “sell” rating in a report on Thursday, December 9th . Two research analysts have rated the stock with a sell rating, one with a hold rating and two with a buy rating. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of GBX342.75 ($4.51).
Shares of PFG traded around GBX 1 ($0.01) on Thursday to hit GBX 306 ($4.03). The company’s shares had a trading volume of 1,861,496 shares compared to an average volume of 543,403. The company has a debt to equity ratio of 281.11, a current ratio of 20.04 and a quick ratio of 20.04. Provident Financial has a 12-month low of GBX 3.55 ($0.05) and a 12-month high of GBX 383.80 ($5.05). The stock has a market cap of £776.51 million and a P/E of -7.07. The 50-day simple moving average of the stock is 307.29 GBX and the 200-day simple moving average is 334.53 GBX.
About Provident Financial (received rating)
Provident Financial plc offers personal lending products to the non-standard lending market in the United Kingdom and Republic of Ireland. The Company operates through Vanquis Bank, Moneybarn and Consumer Credit Division segments. The company offers credit card products, unsecured personal loans and savings products.
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