Provident Financial plc (LON:PFG) Given Consensus Recommendation of “Hold” by Analysts

Shares of Provident Financial plc (LON:PFG) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 567.50 ($7.42).

Several brokerages have recently commented on PFG. Numis Securities reiterated a “buy” rating on shares of Provident Financial in a research report on Wednesday, June 5th. Canaccord Genuity upgraded Provident Financial to a “hold” rating in a research report on Thursday, June 13th. Barclays reiterated an “overweight” rating and set a GBX 570 ($7.45) price objective on shares of Provident Financial in a research report on Wednesday, June 19th. Peel Hunt reiterated a “buy” rating on shares of Provident Financial in a research report on Monday, August 12th. Finally, Shore Capital increased their price objective on Provident Financial from GBX 500 ($6.53) to GBX 510 ($6.66) and gave the company a “hold” rating in a research report on Wednesday, August 7th.

In related news, insider Patrick J. R. Snowball purchased 96,477 shares of Provident Financial stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average cost of GBX 518 ($6.77) per share, for a total transaction of £499,750.86 ($653,013.01). Also, insider Paul Hewitt purchased 13,148 shares of Provident Financial stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of GBX 380 ($4.97) per share, for a total transaction of £49,962.40 ($65,284.72). Over the last 90 days, insiders have purchased 157,453 shares of company stock worth $76,176,107.

Shares of Provident Financial stock traded up GBX 3.30 ($0.04) during trading on Friday, hitting GBX 381.20 ($4.98). 809,045 shares of the stock traded hands, compared to its average volume of 1,310,000. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 320.88. The stock has a market cap of $965.88 million and a price-to-earnings ratio of 16.50. The firm’s fifty day moving average is GBX 396.56 and its 200-day moving average is GBX 476.15. Provident Financial has a 52 week low of GBX 348.70 ($4.56) and a 52 week high of GBX 696.60 ($9.10).

The business also recently declared a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 15th will be given a dividend of GBX 9 ($0.12) per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 2.02%. Provident Financial’s payout ratio is 0.82%.

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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