Provident Financial (PFG) Hits New 1-Year Low at $479.80

Provident Financial plc (LON:PFG)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 479.80 ($6.27) and last traded at GBX 479.80 ($6.27), with a volume of 260286 shares traded. The stock had previously closed at GBX 504.20 ($6.59).

A number of brokerages recently issued reports on PFG. Peel Hunt restated a “hold” rating and issued a GBX 550 ($7.19) target price on shares of Provident Financial in a report on Wednesday, May 8th. Numis Securities restated an “under review” rating on shares of Provident Financial in a report on Friday, May 3rd. Berenberg Bank decreased their target price on Provident Financial from GBX 590 ($7.71) to GBX 540 ($7.06) and set a “hold” rating on the stock in a report on Tuesday, March 19th. Finally, Canaccord Genuity restated a “hold” rating and issued a GBX 595 ($7.77) target price on shares of Provident Financial in a report on Wednesday, March 13th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 661.14 ($8.64).

The stock has a market capitalization of $1.20 billion and a P/E ratio of 19.17. 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 also recently announced a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 23rd will be given a GBX 10 ($0.13) dividend. The ex-dividend date is Thursday, May 23rd. This represents a dividend yield of 1.8%. Provident Financial’s dividend payout ratio (DPR) is presently 0.40%.

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

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About Provident Financial (LON:PFG)

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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