Provident Financial (PFG) Rating Reiterated by Numis Securities

Numis Securities restated their under review rating on shares of Provident Financial (LON:PFG) in a report published on Thursday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also recently commented on PFG. Peel Hunt reissued a hold rating and set a GBX 550 ($7.19) target price on shares of Provident Financial in a report on Wednesday, May 8th. Berenberg Bank reduced their target price on Provident Financial from GBX 590 ($7.71) to GBX 540 ($7.06) and set a hold rating for the company in a report on Tuesday, March 19th. Finally, Canaccord Genuity reissued a hold rating and set a GBX 595 ($7.77) target price on shares of Provident Financial in a report on Wednesday, March 13th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Provident Financial currently has a consensus rating of Hold and an average price target of GBX 661.14 ($8.64).

LON PFG opened at GBX 479.90 ($6.27) on Thursday. The stock has a market capitalization of $1.20 billion and a P/E ratio of 19.12. Provident Financial has a twelve month low of GBX 440 ($5.75) and a twelve month high of GBX 716 ($9.36). The company has a quick ratio of 4.67, a current ratio of 4.74 and a debt-to-equity ratio of 295.29.

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

In other Provident Financial news, insider Ken Mullen sold 800 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 593 ($7.75), for a total transaction 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.

Further Reading: Beige Book

Analyst Recommendations for Provident Financial (LON:PFG)

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