Provident Financial (LON:PFG) Upgraded to “Hold” by Canaccord Genuity

Provident Financial (LON:PFG) was upgraded by analysts at Canaccord Genuity to a “hold” rating in a report issued on Thursday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently weighed in on PFG. Peel Hunt restated a “hold” rating on shares of Provident Financial in a research note on Thursday, May 16th. Numis Securities restated a “buy” rating on shares of Provident Financial in a research note on Wednesday, June 5th. Finally, Berenberg Bank dropped their price objective on Provident Financial from GBX 590 ($7.71) to GBX 540 ($7.06) and set a “hold” rating on the stock in a research note on Tuesday, March 19th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 637.57 ($8.33).

Shares of LON:PFG opened at GBX 445 ($5.81) on Thursday. The company has a current ratio of 4.74, a quick ratio of 4.67 and a debt-to-equity ratio of 295.29. Provident Financial has a 1-year low of GBX 435.70 ($5.69) and a 1-year high of GBX 716 ($9.36). The firm has a market cap of $1.10 billion and a price-to-earnings ratio of 17.73.

In other Provident Financial news, insider Paul Hewitt bought 9,488 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost of GBX 527 ($6.89) per share, with a total value of £50,001.76 ($65,336.16). Also, insider Patrick J. R. Snowball bought 96,477 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were acquired at an average cost of GBX 518 ($6.77) per share, with a total value of £499,750.86 ($653,013.01).

About Provident Financial

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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