Stock analysts at Royal Bank of Canada started coverage on shares of Provident Financial (LON:PFG) in a research note issued on Friday, ThisIsMoney.Co.Uk reports. The brokerage set a “sector performer” rating and a GBX 445 ($5.81) price target on the stock. Royal Bank of Canada’s target price points to a potential upside of 5.50% from the stock’s current price.
Other analysts also recently issued reports about the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 550 ($7.19) target price on shares of Provident Financial in a research note on Thursday, November 7th. Berenberg Bank lowered their price target on shares of Provident Financial from GBX 540 ($7.06) to GBX 470 ($6.14) and set a “hold” rating on the stock in a research report on Monday, November 11th. Canaccord Genuity dropped their price objective on shares of Provident Financial from GBX 430 ($5.62) to GBX 378 ($4.94) and set a “sell” rating for the company in a report on Friday, September 20th. Barclays reissued an “overweight” rating on shares of Provident Financial in a report on Wednesday, November 27th. Finally, Peel Hunt restated a “buy” rating and set a GBX 550 ($7.19) price objective on shares of Provident Financial in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 515.38 ($6.73).
LON PFG opened at GBX 421.80 ($5.51) on Friday. The company has a debt-to-equity ratio of 320.88, a quick ratio of 4.24 and a current ratio of 4.24. The stock’s fifty day moving average is GBX 435.61 and its two-hundred day moving average is GBX 423.23. The firm has a market capitalization of $1.07 billion and a P/E ratio of 18.26. Provident Financial has a fifty-two week low of GBX 348.70 ($4.56) and a fifty-two week high of GBX 665.20 ($8.69).
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.
Further Reading: Do You Need a Fiduciary?
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