Provident Financial plc (LON:PFG)‘s stock had its “add” rating reaffirmed by stock analysts at Peel Hunt in a note issued to investors on Monday. They presently have a GBX 3,365 ($42.29) price objective on the stock. Peel Hunt’s price objective would suggest a potential upside of 12.28% from the stock’s previous close.
Several other research firms also recently commented on PFG. Royal Bank of Canada raised shares of Provident Financial plc to an “outperform” rating and increased their target price for the stock from GBX 3,000 ($37.70) to GBX 3,200 ($40.22) in a research report on Friday, March 24th. JPMorgan Chase & Co. increased their target price on shares of Provident Financial plc from GBX 3,300 ($41.47) to GBX 3,400 ($42.73) and gave the stock an “overweight” rating in a research report on Friday, March 24th. Liberum Capital reissued a “hold” rating and set a GBX 2,256 ($28.35) target price on shares of Provident Financial plc in a research report on Friday, March 24th. Shore Capital reissued a “buy” rating on shares of Provident Financial plc in a research report on Tuesday, February 28th. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 3,215 ($40.40) target price on shares of Provident Financial plc in a research report on Wednesday, March 1st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 3,022.09 ($37.98).
Shares of Provident Financial plc (LON:PFG) traded up 2.04% during mid-day trading on Monday, reaching GBX 2997.00. The company had a trading volume of 524,150 shares. The company’s 50-day moving average price is GBX 2,898.38 and its 200-day moving average price is GBX 2,891.91. The company’s market capitalization is GBX 4.34 billion. Provident Financial plc has a 52-week low of GBX 2,125.00 and a 52-week high of GBX 3,402.27.
The company also recently declared a dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, May 18th will be issued a dividend of GBX 91.40 ($1.15) per share. This represents a yield of 3.13%. This is a boost from Provident Financial plc’s previous dividend of $43.20. The ex-dividend date of this dividend is Thursday, May 18th.
Provident Financial plc Company Profile
Provident Financial plc is a United Kingdom-based non-standard lender. The Company’s divisions include Vanquis Bank Limited (Vanquis Bank), Consumer Credit Division (CCD) and Moneybarn. Its segments include Vanquis Bank, CCD, Moneybarn and Central. The Company serves non-standard credit customers with a range of products from credit cards and car finance, to home credit and online unsecured, and guarantor loans.