Provident Financial plc (PFG) Receives GBX 679.67 Consensus Target Price from Analysts

Provident Financial plc (LON:PFG) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 679.67 ($8.88).

Several brokerages have commented on PFG. Canaccord Genuity restated a “hold” rating and set a GBX 595 ($7.77) price objective on shares of Provident Financial in a research note on Wednesday, March 13th. Barclays decreased their price objective on shares of Provident Financial from GBX 753 ($9.84) to GBX 664 ($8.68) and set an “overweight” rating for the company in a research note on Wednesday, January 16th. Shore Capital restated an “under review” rating on shares of Provident Financial in a research note on Tuesday, January 15th. Berenberg Bank decreased their price objective on shares of Provident Financial from GBX 590 ($7.71) to GBX 540 ($7.06) and set a “hold” rating for the company in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Provident Financial from GBX 725 ($9.47) to GBX 650 ($8.49) and set a “neutral” rating for the company in a research note on Wednesday, January 16th.

PFG stock traded up GBX 6.80 ($0.09) during trading on Thursday, reaching GBX 511.80 ($6.69). The company had a trading volume of 398,800 shares, compared to its average volume of 1,310,000. The stock has a market capitalization of $1.27 billion and a PE ratio of 20.39. The company has a quick ratio of 4.67, a current ratio of 4.74 and a debt-to-equity ratio of 295.29. Provident Financial has a twelve month low of GBX 482.10 ($6.30) and a twelve month high of GBX 716 ($9.36).

The company also recently announced a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 23rd will be paid a GBX 10 ($0.13) dividend. This represents a dividend yield of 1.8%. The ex-dividend date is Thursday, May 23rd. Provident Financial’s dividend payout ratio is currently 0.40%.

In related news, insider Ken Mullen sold 800 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of GBX 593 ($7.75), for a total value of £4,744 ($6,198.88).

Provident Financial Company Profile

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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Analyst Recommendations for Provident Financial (LON:PFG)

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